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DTSTART:20130310T020000
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DESCRIPTION:City officials have accepted a bid from MC2 to supply electri
 city to the City that will reduce electricity supply costs by 52%.&nbsp\
 ; On March 20\, 2012\, Highwood residents approved a referendum authoriz
 ing the City to implement an Electric Aggregation Program.&nbsp\; In an 
 effort to maximize potential savings\, Highwood avoided outside broker f
 ees and collaborated with the Villages of Lindenhurst and Lake Villa to 
 jointly bid.\n&nbsp\;\nUnder a contract between the City and MC2\, all p
 articipating residential and small business customers will be able to pu
 rchase electricity through the program at a rate of 4.28 cents per kilow
 att hour.&nbsp\; This rate will become effective for all participating c
 ustomers around mid to late August and is guaranteed for a period of 12 
 months following that date.&nbsp\; When compared to the Commonwealth Edi
 son rate of 8.50 cents per kilowatt hour\, which took effect on June 1st
 \, this rate is approximately 52% lower.&nbsp\; The average Highwood hou
 sehold can expect to save roughly $401 per year if participating in the 
 program.&nbsp\; In the next few weeks\, eligible residential and small b
 usinesses customers will receive a notice from the City and MC2\, which 
 will state the offer and provide instructions for opting-out of the prog
 ram.&nbsp\; Customers wishing to participate in the program will not nee
 d to take any action to be included.&nbsp\; Customers who desire to opt-
 out will be able to do so for a 21-day period following postmark of the 
 notice. Residents and small businesses may receive solicitations from ot
 her suppliers over the next few weeks to switch their account.&nbsp\; If
  a notice is not explicitly marked as being from the City or ComEd\, cus
 tomers should assume it is not connected to the electrical aggregation p
 rogram.&nbsp\; For any questions\, residents may either visit the City&r
 squo\;s website www.cityofhighwood.org or call the City Hall at 847-432-
 1924.
URL:http://highlandpark.patch.com/events/electricity-supply-costs-to-drop
 -over-50-through-highwoods-new-electric-aggregation-program
SUMMARY:Electricity Supply Costs to Drop Over 50%  Through Highwood’s N
 ew Electric Aggregation Program
LOCATION:City of Highwood: 17 Highwood Ave\, Highwood\, IL
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