The Woodford County Finance and Economic Development Committee has approved Good Energy, the municipal aggregation consulting firm responsible for dozens of aggregation votes and contracts in Illinois, to represent the unincorporated areas of Woodford County should the upcoming referendum on April 9. This approval brings Good Energy before the full board, who will vote on their contract on Tuesday, Feb. 19.
Good Energy has a distinct place in the municipal aggregation market of Illinois. They currently represent Eureka, Roanoke, Deer Creek, Normal, and Bloomington and have had many successful aggregation negotiations. For example, last year they were able to negotiate a flat rate of 4.08 cents per kilowatt hour through Homefield Energy. Ameren at that time was offering a rate of 5.467 cents per kilowatt hour for the first 800 kilowatt hours used.
All residents of unincorporated Woodford County who are not excluded will enjoy the savings of Municipal aggregation. Small businesses, residents currently getting electricity from a cooperative, and any resident who uses more than 15,000 kilowatt hours per year are excluded from the aggregation. Good Energy will start receiving bids from contending energy providers once the referendum passes. After all bids have been received, Good Energy and the Woodford County board will negotiate for the best rate possible with several providers. Once a contract has been signed, all residents will be opted in to the aggregation. Any residents who do not wish to participate in the aggregation may opt out.
For more information on municipal aggregation, click here. For the full article, see below.
