Morton Grove has changed the electric supplier to FirstEnergy
Solutions with a rate of 7.84 cents per kilowatt hour. The village
their selection on bids supplied from a list of companies from a
consulting company called NIMEC. They chose what they considered
the one with lowest rates and no fees. They selected FirstEnergy
Solutions for a 3 year contract.
This same consulting company that Morton Grove uses has been able to
acquire a rate of 6.62 cents per kilowatt hour for a 36 year
period for neighboring suburbs Buffalo Grove, Arlington Heights,
Wheeling, Lincolnshire, Long Grove, and Vernon Hills with
Why are Morton Grove residents paying 7.84 cents per kilowatt hour?
Checking individual rates on the monthly list from the web site of
Utility Board can give residents an idea of how rates are fluctuating.
It is not clear who is paying for the consulting fees. The village
maintains that they pay nothing and the fees come from the suppliers
that reach an agreement. I find it disconcerting that the village
uses a consulting firm to provide suppliers, when that firm makes their
profits on commissions paid by those companies that sign agreements.
Morton Grove has not gone beyond the list supplied by their consultant
to look for possibly lower rates. The village current plan may not
best for each resident, so I suggest that watching the market might
their better interests. I would not enter any variable length
with any company.
I also suggest the village rethink their current agreement.