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Council told lower supplier bids exist but savings are modest as ComEd rates climb
Summary
City staff presented three supplier bids for municipal aggregation, showing one-year bids near 9.65¢/kWh versus ComEd's 12-month average supply rate of about 10.229¢/kWh; council scheduled the item for a vote the following week.
Mike Mudge, who presented the municipal aggregation options to the council, said the city received multiple bids and that one supplier, MC Squared, offered a 1-year rate of 9.65¢ per kilowatt-hour and a 2-year rate of 9.85¢ per kilowatt-hour. "The lowest price on here is from MC Squared, which 1 year is 9.65 kilowatt per kilowatt hour, and 2 years is 9.85 per kilowatt hour," Mudge said during the discussion.
Mudge told the council the all-in ComEd supply rate averaged about 10.229¢/kWh at the time of the presentation and noted that recent capacity costs…
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