A consortium of seven Northwest Chicago suburbs has chosen Constellation, a business unit of Exelon Corp. and longtime retail electricity supplier in Illinois, to supply residents with fixed price electricity following a competitive bidding process under the state’s electricity choice aggregation program.
The Northwest Consortium, which includes the communities of Arlington Heights, Buffalo Grove, Lincolnshire, Palatine, Vernon Hills and Wheeling, signed the agreement with Constellation on March 5. Long Grove is expected to sign the agreement later this month.
Electric power service under the new agreement is scheduled to begin in May 2014.
Constellation will work with the Northwest Consortium to notify all eligible customers of the new 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. Customers who do not opt out, but later choose to leave the program, can do so at any time within the three-year term without penalty.
The Constellation family of retail electricity and natural gas suppliers are units of Exelon Corp., and are leading competitive retail suppliers of power, natural gas and energy products and services for homes and businesses across the continental U.S.