CHICAGO--(BUSINESS WIRE)--Constellation Energy has been selected to supply the city of Evanston, Il., with low-cost electricity and green energy following a competitive bidding process under the city’s electricity choice aggregation program.
The Evanston City Council voted unanimously on April 30 to purchase electricity from Constellation Energy, an Alternate Retail Electricity Supplier (ARES), and specified that 100 percent renewable energy be used.
City officials indicate the 12-month term at a rate of $0.04797 per kilowatt hour is approximately 38 percent lower than Commonwealth Edison’s current BES residential (non-electric space heating) rate of $0.07733 kWh, representing estimated savings of $264 for a typical single family home using 9,000 kWh on an annual basis.
“We are very pleased to be selected by Evanston, a city known as leader among Illinois municipalities for its strong city government, high standards and rigorous reviews to ensure citizens receive the highest quality services,” said Bruce Stewart, chief marketing officer for Constellation. “We look forward to offering the citizens of Evanston both green energy and fixed-price certainty, along with Constellation’s great service and low rates on energy.”
Evanston Mayor Elizabeth Tisdahl said, “I am pleased that Evanston residents have directed the city to move forward with electricity aggregation. In addition to providing cost savings, our aggregation program is an opportunity to secure cleaner, green power for our community and support the goals of the Evanston Climate Action Plan to reduce our emissions by 13 percent by the end of 2012.”
Constellation will supply 100 percent renewable energy to Evanston by purchasing renewable energy certificates (RECs) from wind energy generated in Illinois or adjacent states. RECs represent the environmental benefit of electricity generated by wind and therefore avoid carbon dioxide emissions.
Mayor Tisdahl encouraged residents to learn more about the details of electricity aggregation. Residential and small commercial retail customers will have the right to opt-out of the aggregation program without penalty and remain with ComEd-purchased electricity. Constellation Energy will work with the city to notify all eligible Evanston customers of the electric supply rate, terms and conditions and their right to opt-out of the program.
The Community Choice Electricity Aggregation (CCA) referendum was approved in the March 20, 2012 primary election by 73 percent of voters in Evanston, a community of about 74,000 just north of Chicago. Electric service under the newly negotiated rates is scheduled to begin as early as July 2012.
Estimated savings are based on ComEd’s Price to Compare (PTC) for BES residential (non-electric space heating) rate of 7.733 cents per kWh in effect Oct. 1, 2011 – May 31, 2012, ComEd’s rates for June 2012 to May 2013 have not yet been determined.
Exelon Corporation (NYSE:EXC) is the nation’s leading competitive energy provider, with approximately $33 billion in annual revenues. Headquartered in Chicago, Exelon has operations and business activities in 47 states, the District of Columbia and Canada. Exelon is the largest competitive U.S. power generator, with approximately 35,000 megawatts of owned capacity comprising one of the nation’s cleanest and lowest-cost power generation fleets. The company’s Constellation business unit provides energy products and services to approximately 100,000 business and public sector customers and approximately 1 million residential customers. Exelon’s utilities deliver electricity and natural gas to more than 6.6 million customers in central Maryland (BGE), northern Illinois (ComEd) and southeastern Pennsylvania (PECO). Learn more at: www.exeloncorp.com.