Bedford Park , Ill., has chosen Constellation,
a business unit of Exelon Corp. and a longtime competitive
energy provider in Illinois, to supply residents with low-cost
electricity following a competitive bidding process under the state’s
electricity choice aggregation program.
“Constellation is proud to offer residents in Bedford Park fixed-price
certainty and the hassle-free low rates we offer all customers,” said
Bruce Stewart, chief marketing officer for Constellation. “As a national
energy leader with deep roots serving Illinois businesses, we look
forward to continuing to invest in Illinois communities by offering a
range of competitive market benefits to residents and small businesses.”
The village board voted unanimously on Friday, July 27, 2012 to purchase
electricity from Constellation, an alternative retail electric supplier.
Village officials indicate the 24-month term at a rate of 5.384 cents
per kilowatt-hour (kWH) is approximately 30 percent lower than
Commonwealth Edison’s BES residential (non-electric space heating) rate
of 8.32 cents per kWh representing estimated savings of $250 for a
typical single family home using 10,000 kWh annually, and $500 during
the entire term of the contract.*
Electric service under the newly negotiated rate is scheduled to begin
as early as November 2012.
Constellation will work with village officials to notify all eligible
customers of the electric supply rate, terms and conditions and their
right to opt-out of the program. 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. Customers
who do not opt-out can also leave the program at any time within the
24-month term without penalty.
*Estimated savings are based on Commonwealth Edison’s Price to
Compare (PTC) for BES residential (non-electric space heating) rate of
8.32 cents per kWh in effect October 1, 2012 – May 31, 2013, which
includes an Electricity Supply Charge of 7.511 cents and a Transmission
Services Charge of 0.809 cents.
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.