This document summarizes pricing information received from two electricity suppliers, Constellation and MC Squared, for a municipal electricity aggregation. It provides tables comparing the price per kilowatt hour for different renewable energy mixes and contract lengths. A 100% renewable energy option for a 12-month contract is the best deal, saving a typical residential customer $264 per year compared to the local utility rate. Other nearby communities that have conducted similar aggregations are also shown for comparison.
Electricity Aggregation Selection of Supplier, Term Length and Renewable Energy Percentage
1. 1
Dave Stoneback
Director of Utilities
Electricity Aggregation
Selection of Electric Supplier, Agreement
Term and Percentage of Renewable Energy
2. 2
Table 1 β Summary of Pricing Received
Constellation MC Squared
First
Energy
Energy Mix Cost per kilowatt hour ($ / kWh)
12 month 24 month 12 month 24 month
IL RPS Compliant (7%) $0.04690 $0.05166 $0.04712 $0.05186
Non
Responsive75% Renewable Energy $0.04770 $0.05274 $0.04786 $0.05261
100% Renewable
Energy $0.04797 $0.05310 $0.04809 $0.05285
3. 3
Table 2 β Term Price Difference
Energy Mix Cost ($ / kWh)
12 month 24 month % Difference
IL RPS Compliant (7%) $0.04690 $0.05166 10.15
75% Renewable Energy $0.04770 $0.05261 10.29
100% Renewable Energy $0.04797 $0.05285 10.17
4. 4
Table 3 β Renewable Energy Mix Price
Difference
Cost Increase $ / kWh
Renewable Energy Option $ / kWh
Compared to IL
RPS (7%)
Compared to
75%
IL RPS Compliant (7%) $ 0.04690 - -
75% Renewable Energy $ 0.04770 $ 0.0008 -
100% Renewable Energy $ 0.04797 $ 0.0011 $ 0.00027
5. 5
Table 4 β Summary of Average Cost Savings
Price $ per
kWh
(12 month
term)
Estimated
Annual
Supply Cost
Year 1 Savings
from ComEd
Price
ComEd Supply - Price to Compare $0.07733 $ 696
IL RPS Compliant (7%) $0.04690 $ 422 $ 274
75% Renewable Energy $0.04770 $ 429 $ 267
100% Renewable Energy $0.04797 $ 432 $ 264
Using 100% Renewable Energy, the typical residential customer will save $264 annually
or $22 / month compared to the current ComEd tariff rate.
6. 6
Table 5 β Neighboring Communities
Pricing Comparison
Community /
Buying Group
Price
($ / kWh)
Agreement Details
%
renewable
energy
Awarded
Evanston $0.04690 1-year contract 7% Spring 2012
Evanston $0.04797 1-year contract 100% Spring 2012
Northwest Suburban
Electricity Buying
Group
$0.04775
1-year contract with
option to extend for 2
more years
100% Spring 2012
North Shore
Electricity
Aggregation
Consortium
$0.04836
3-year contract with new
prices each 12 months
7% Spring 2012
Lincolnwood,
Grayslake &
Oak Brook
$0.05520 2-year contract 7% Fall 2011
Oak Park $0.05780 2-year contract 100% Fall 2011
Good evening everyone.
My name is Catherine Hurley and I am the Sustainable Programs Coordinator for the City of Evanston.
Tonight we will be having a public hearing on the Plan of Operation and Governance for an Electricity Aggregation program in Evanston.
$/ kWh 0.0011 x 9,000 kWh = $9.90 per year difference between the 100% renewable energy option and the State IL RPS mix of 7%.
The IL RPS compliant price will provide an annual savings of $274 or $22.8 per month.
The Northwest Suburban Electricity Buying Group includes the communities of Buffalo Grove, Lincolnshire, Long Grove, Palatine, Vernon Hills and Wheeling. The North Shore Electricity Aggregation Consortium includes the communities of Deerfield, Glencoe, Lake Bluff, Northbrook, Skokie, Highland Park, Lake Forest and Park Ridge.
$/ kWh 0.0011 x 9,000 kWh = $9.90 per year difference between the 100% renewable energy option and the State IL RPS mix of 7%.
$/ kWh 0.00119 x 9,000 kWh = $10.71 per year difference between the 100% renewable energy option and the State IL RPS mix of 7%.
The IL RPS compliant price will provide an annual savings of $231 or $19.25 per month.
The IL RPS compliant price will provide an annual savings of $231 or $19.25 per month.