Electric Aggregation

Our Aggregation Program Switches to New Provider MC Squared in July 2020

The Village of Lake Zurich is pleased to announce that its continuing its electric aggregation program with a 36-month  renewal effective from July 2020 to July 2023.  Under municipal aggregation, local officials bring citizens together to gain group buying power for the purchase of competitively priced electricity from an alternative electric supplier.


MC Squared Energy

In years past, alternate suppliers were able to undercut ComEd’s rates resulting in savings to Lake Zurich residents. These market conditions have changed and at this time, alternate suppliers are mirroring ComEd’s rates, which vary from month to month. However, the Village has secured an alternative aggregation supplier and selected MC Squared Energy Services, LLC ("mc2"), to serve the community with electricity supply. As part of the agreement, mc2 will contribute $70,000 a year to the Village earmarked for infrastructure improvements. mc2 will provide eligible residents and small businesses with an electricity supply price exactly equal to the ComEd rate for a 36-month term beginning with the July 2020 meter read cycle, effective until July 2023.

This rate impacts only the "supply" portion of your ComEd bill, not the total bill.  The "delivery" and "taxes / fees" portion of your ComEd bill do not change by switching electricity suppliers or participating in aggregation programs.

You are not required to do anything to patriciate in the Village’s electric aggregation program.  mc2 will automatically process your enrollment.  You will not pay more than the ComEd rate plus there is no enrollment or early termination fee.

Opt-Out Option:  You may opt out by calling 1-833-740-0476, Monday through Friday 8 am to 5 pm.

If you are leaving an alternative retail electricity supplier whom you may already have a contract with, be cautious of any early termination penalty that may attempt to apply for leaving. Effective January 1, 2020, no electricity supplier may charge a termination fee to switch.
 
For information on electricity rates, please visit www.pluginillinois.org, the Illinois Commerce Commission website for consumer information.