Evanston, IL Chooses Verde Energy as Electric Aggregation Provider

Thursday, May 9, 2013 @ 10:05 AM
posted by Admin

Last month, the City of Evanston, Illinois chose Verde Energy, a leading retail electricity provider in the US and Canada, for its ongoing city-wide electricity aggregation program.

Evanston received bids from several retail electricity providers but chose Verde because of its low electricity rates and because it offered 100% renewable energy to the city. Starting in August, residents and small businesses will pay a fixed rate of 5.192 cents per kilowatt hour (kWh) for a total of one year.

The city’s first electricity provider, Constellation Energy partnered with the city from August 2012 to upcoming July 2013. Constellation Energy offered residents and small businesses the rate of 4.797 cents/kWh, about 8% lower than Verde Energy’s rates. Currently, the default utility, ComEd, has a Price-to-Compare of about 8 cents/kWh, which will save the Evanston community about 35% on the supply portions of their electric bills.

Opt-Out to Save Even More

Residents and businesses are eligible to opt-out with no penalties or cancellation fees. And those who are considering opting out are doing so for good reason. There is an abundance of retail electricity providers that serve the Evanston area, with many offering even lower rates than Verde Energy. Residents and small businesses don’t have to miss out on 100% renewable energy either, as many of these providers offer very affordable Green Energy plans that can allow customers to save on their electric bill while making a positive contribution to the community and greater environment.

Comments are closed.