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Posted on: June 2, 2014

Energy Price Adjustments Coming

electric wires

getting their power supply from ComEd.

This interim pricing is tied to a short-term extension with Integrys which allowed the Village to later maximize its long-term opportunities by bidding out Mokena’s power supply in spring rather than in the midst of one of the coldest Chicagoland winters on record. Through Integrys, aggregation program participants will pay 7.596 cents/kWh for electric power during the months of June and July, matching ComEd’s tariffed service rate.

Mokena’s new 36-month fixed rate contract with Homefield Energy will take effect in July, with its new, lower pricing reflected on August billings. Featuring a fixed rate of 7.031 cents/kWh for the first 24 months and 6.536 cents/kWh for the final 12 months, the deal with Homefield is expected to save the average Mokena household in the range of $50 annually off ComEd's power supply rate, or $150 over the term of the contract.

The power supply environment has changed dramatically over the past couple of years. The aggregation program’s new pricing represents the best outcome possible in today’s challenging energy marketplace.

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Village of Mokena • 11004 Carpenter Street • Mokena, IL 60448
(708) 479-3900 • FAX (708) 479-4844