Aurora is one of several municipalities in Illinois pushing for a referendum to allow cities to negotiate electric rates on behalf of residents.
In theory, this would mean you could potentially eliminate ComEd from the equation, right?
Wrong. There are two major parts of your electric bill. The delivery and energy charges. ComEd is still going to deliver your electricity regardless. Energy prices are market-driven.
So, how are other third-party companies able to offer savings on energy prices that ComEd cannot?
It's because in 2007, ComEd signed long-term energy contracts that, due to the extensive recession, are now above the market prices, so third-party entities are able to offer slight savings...mostly of a few cents a day.
Those contracts expire in June 2013, so at that time, everything could change and ComEd's portion of the energy rates would likely come down and others may even go up.
Citizens Utility Board (CUB) says there could be minor short-term savings, but long-term, all that could change.
If the referendum passes, you are automatically added with two chances to opt-out. If the referendum fails, the municipality can still try to negotiate the same deals, but you would have to choose to opt-in.
But, there's a much bigger danger lurking behind-the-scenes. When government entities hire their cronies, consultants and buddies to negotiate on behalf of large groups of customers, there's potentially millions of dollars at stake collectively.
In Illinois, the moment you give government officials the power over any money, strange things happen.
It's called CORRUPTION, already an epidemic and widespread at every level.
And, this would be a new frontier for corruption.
So, while some may want you to believe this is about saving you a few cents per day, ask yourself if the reason local government officials are so anxious to help you is because it will actually help themselves and their cronies.
Don't forget, it's YOUR electricity and money. Trust it with government and you may get zapped.
Click here for the Citizen Utility Board (CUB)'s guide to the aggregation issue