Oakwood hears details on electric aggregation

Oakwood hears details on electric aggregation

OAKWOOD — Village trustees this week heard a presentation about the village's electric-aggregation proposal which will be on the April 9 ballot.

Dale Kelley, an energy consultant with Good Energy of Peoria, did not give exact rates if voters approve electric aggregation. But he predicted about a 20 percent energy savings for households.

He explained that energy is sold in a commodities market, and brokers buy the energy wholesale and sell it as retail to the consumers.

"Good Energy will go to the marketplace and ask for bids from power companies," Kelley said. He said the law requires at least 25 percent of the energy to be "green" or renewable energy. Customers may choose to receive renewable energy only, or a mix of green and traditionally generated energy. Customers choosing to rely exclusively on renewable energy will incur a slightly higher cost.

Trustees voted to include Good Energy on the upcoming ballot question.

Electric aggregation includes an opt-out provision in which residents are automatically enrolled in the program but can opt out if they want.

 

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