Fair
74°
Crystal Lake, IL
Fair|Forecast »

Cary talks trash, utility deals

Text Size: AaAaAaAaAa

(Continued from Page 1)

As part of the bid specifications, the residents would not have an early termination fee if they leave the aggregation program. Suppliers also would have to match ComEd’s rates if ComEd had a lower rate in price adjustments in May or September.

“If ComEd matches the rate or goes lower, we would want the residents to enjoy those savings,” Kierna said. “It will give residents the best of all worlds.”

Having a deal longer than two years might lead to higher prices because suppliers don’t know what their cost of electricity will be.

“Typically the longer the contract, the higher the rate, as suppliers pass on the cost, the additional risk of unknown pricing volatility,” village staff said in a memo.

||2|Next Page

Reader Poll

How often do you shop at small businesses?

Often
Occasionally
Rarely
Never