The Village has managed an ongoing Electric Aggregation program since 2012. The most recent renewal period, in which notices were mailed to all eligible resident and small business owners in the Village, was October 2020 with supplier MC Squared (MC2) for a term of three years to October 2023. This is a ComEd Price Match Green Energy program wherein ratepayers pay exactly the ComEd rate (guaranteed, and never more than the ComEd rate). Individual ratepayer savings were no longer achievable via competitive bid. The benefit is that, for zero added cost, supplier MC2 purchases and retires Renewable Energy Certificates (RECs) to offset 100% of the total power volume consumed by eligible residents and small business owners. RECs allow you to claim that the electricity you use comes from a renewable energy source. The EPA states, “If you buy the REC, you are now the owner of that Green Power." A REC represents a specific amount of electricity produced and delivered to the power grid by a renewable energy source, such as wind or solar. One REC represents one 1 Megawatt-hour (MWh) or 1,000 Kilowatt-hours (kWh).
This program is different in that MC2 analyzes accounts and enrolls some that are deemed to be lower cost to serve (based on time of use, a key factor in power pricing) and others remain with ComED supply service. The net effect to Riverside residents is identical: All pay exactly the ComEd rate, and whether enrolled with MC2 or ComEd, 100% of historical consumption is offset via Green Energy / RECs. (To learn more about how RECs work, visit ilagg.com/renewable-energy.)
Some Village residents may have received a notice from ComEd, “Confirmation of Change in Electric Supplier,” indicating your account is being moved from our current aggregation program supplier MC Squared Energy Services (MC2) to ComEd. You need take no action.
Please note: whether your account receives supply service from MC2 or from ComEd, your account is a part of the Riverside Green Electric Aggregation community. All ratepayers, whether served by MC2 or ComEd, will have 100% of their historical consumption offset by Renewable Energy Certificates (RECs), thus contributing to the Village’s current status as an EPA Green Power Community, where it is currently ranked #3 in the USA by the EPA in terms of percentage green power consumed versus total power consumed!
Background: The Village’s 100% Green Electric Aggregation program is half way through its current three-year term which continues to September 2023. Approximately once annually, MC2 rebalances the Village's electric load that they serve. Why? Because consumption patterns vary widely (demand and therefore costs are impacted by time of day), the cost to serve ratepayers varies widely. Some lower-cost accounts may be enrolled with MC2, and those deemed higher-cost may be moved to ComEd. Thus, MC2 may send notices to a few ratepayers to move their supply service back to ComEd as usage patterns change.
Most important, whether served by MC2 or ComEd, ratepayers pay exactly the same supply rate, which is broken into three components on your ComEd invoice: Supply, Transmission and PEA. Thus, all resident and small business accounts are treated equally in terms of price and Renewable Energy offsets.
If you have recently received a notice from ComEd, you should have received an earlier notice from the Village that your account is being moved and informing you of the rebalancing process. If you have questions, please reach out to our electric aggregation consultant at firstname.lastname@example.org or call 312-751-2202. To view the current ComEd rate which is updated each month, visit https://www.ilagg.com/the-comed-rate.
For more information about electric rates and aggregation, visit the site established by the Illinois Commerce Commission: https://www.pluginillinois.org.
No Changes in Your Billing
You will continue to receive 1 monthly bill from ComEd. You will still be eligible for the same programs you are eligible for now through the utility, such as Budget Billing, payment agreements and energy efficiency programs. The only change may be the supplier noted on your ComEd bill.
If you choose not to participate, you can elect to be removed from the program by calling 888-508-0299 Monday through Friday, 8:00 a.m. - 5:00 p.m., or emailing: Riverside@mc2energyservices.com.
Please note that you also have the option to purchase electricity supply from a Retail Electric Supplier (RES) or from ComEd pursuant to Section 16-103 of the Public Utilities Act. Information about your options can be found at Illinois Commerce Commission website. You may request from the Illinois Power Agency, without charge, a list of all supply options available to you in a format that allows comparison of prices and products.