Good Energy Talks to Leaders

Danville Aldermen saw a proposal by representatives of Good Energy, an electric aggregation consulting firm they recently hired to help with their aggregation program, on Tuesday night. The Aldermen and Mayor Scott Eisenhauer consulted with the representatives to get a clearer understanding of what comes next should the April 9 referendum seeking approval for municipal aggregation through Good Energy pass.

Maximilian Hoover, the CEO of Good Energy, mused about how excited he is to help the residents of Danville realize these great energy savings each month. The Good Energy representatives explained how municipal aggregation works, and how it is so effective in saving residents of Illinois money. By skipping the middle man and entering directly into a contract with a wholesale energy provider, municipalities can receive substantially reduced rates on electricity. By joining with Good Energy, the municipality joins a large group of other local municipalities Good Energy represents. This group, then, is able to command an even better rate.

Eisenhauer wants it to be clear, “there is no outlay financially from the city.” Municipal aggregation is paid for by a marginal fee affixed to the rate Good Energy negotiates. In exchange for collecting bids from power companies and negotiating the most attractive rates and terms, Good Energy will add a negligible fee of not more than .00075 cents per kilowatt hour. Previously, Good Energy has saved residents over 20 percent on their electricity bill every month, inclusive of fees. Additionally, any resident may opt out of the municipal aggregation program at no cost. If residents opt out, they may remain with their current supplier or use someone else.

Should the referendum pass the vote on April 9, residents should start to notice the savings by July.

For more information on municipal aggregation, click here. For the full article, see below.