Competitive companies are offering cheaper, “aggregated” electricity. June 12, 2012 | Michael Smart~Sun-Times Media
Updated: April 11, 2014 6:12AM
Orland Park is preparing to switch its electricity supplier, but prices will rise sharply as a result.
Village officials have tentatively agreed to a contract with FirstEnergy Solutions, a subsidiary of Ohio-based FirstEnergy Corp.
Orland Park is cutting the cord with Nordic Energy Services, which started providing power to homes and small businesses in the village in the summer of 2012.
Nordic has been supplying electricity
at a rate of 4.82 cents per kilowatt hour,
but that rate was due to go up by June, and the prevailing electricity rates are much higher now than in 2012, according to the village.
Orland Park officials were unsure what Nordic’s new rate would be but expected it to be about 7 cents per kwh, according to village spokesman Joe La Margo.
FirstEnergy’s rate will be 6.46 cents per kwh, but the village’s contract will include an escape clause to give it a way out should that rate later rise above ComEd’s prevailing rate, La Margo said.
Orland Park is one of several Southland suburbs that in recent years has asked residents by referendum whether they wanted the village to negotiate an electricity supply agreement with a power provider other than ComEd to reduce electricity costs.
FirstEnergy supplies power to more than 100 Illinois communities, including Chicago Heights, Frankfort, Homer Glen, Oak Forest and Palos Heights, according to the company’s website.
Orland Park trustees are expected to approved the agreement with FirstEnergy at their March 17 meeting.