Details worked out on La Grange electricity savings
Updated: February 19, 2013 7:01PM
LA GRANGE — Village Board members nailed down additional components of a plan to save residents money on their electric bills.
Trustees stipulated Feb. 11 there would be no fees to leave or join the program at a later date, unlike in some communities where the penalty is $25 to $50.
Trustees also agreed to give consumers a choice on opting to pay an additional fee for using 100 percent renewable energy, compared to the minimum required by state regulations. The choice could cost an addition $12 to $24 per year.
The board also decided to seek bids from electrical suppliers for one-, two- and three-year contracts to lock in prices for each of those terms. The board passed on seeking a two-year contract with an option to renegotiate a rate for the second year.
The board agreed to pursue a two-step bid process by pre-qualifying interested suppliers in an initial round of requests for information. Members plan to specify Feb. 25 how time sensitive bids will be reviewed and a finalist selected.
The electrical aggregation program, approved by voters in November, could save the average household $380 a year, a consultant told the board in January. Lower electric rates could begin to take effect in April.