Electrical Aggregation Program Saves Residents Money on Their Monthly Utility Bills
The cost of electricity for Rolling Meadows homeowners and small businesses will drop this summer following the City's approval of a 12-month contract with MC Squared Energy Services (MC2) to receive energy at a lower rate.
The contract, secured through Rolling Meadows' electrical aggregation initiative, locked in a rate of 7.25 cents per kilowatt-hour (kWh) - compared to ComEd's current rate of 9.665 cents per kWh - for a period of 12 months beginning with customers' June bills. The reduced rate will be in effect for billing cycles starting June 2023 and ending after June 2024.
Most Rolling Meadows customers will be enrolled in the new plan automatically at no cost, unless they receive a special class of service from ComEd. Customers will receive notification about the pending transfer and how it may affect them.
Monthly Bills will continue to come from ComEd, which maintains responsibility for delivering energy to customers and is responsible for service issues and emergency repairs.
Electrical aggregation helps communities save residents money on their electric bills, but customers are free to choose their energy provider. You may opt out of the MC2 plan at any time - with no termination fees - and select ComEd (or any other provider).