In regard to recent social media posts. Some information that upset and confused many of our Village residents in regards to the recent contract through the Electric Municipal Aggregation Program that was discussed and voted on at the April 20, 2021 Regular Village Meeting.

The Village of Tampico recently approved a new 3 year contract with Dynegy a licensed supplier with the State of Illinois, for a 3 year term firm rate of 6.395 cents per Kwhr. The current ComEd regulated price to compare is at an annual weighted average of 6.985 cents per kwhr.

This is the 4th 3 year contract the Village has signed since the inception in 2012.
This was all done under the Illinois Commerce Commission and under the State Utilities Code. There are over 750 Governmental entities in Illinois that have passed such referendums.

You can go to the ICC website at ICC Plug In Illinois ® to get the actual facts of the program.

Facts to remember:

• Customers can opt out of the program at any time during the contract with no termination fees.
• ComEd now posts the Price to Compare on their bills so people can see what they are paying (suppliers rate) vs. the ComEd rate.
• The Community rate is a fixed rate for the term of the contract, it is not an index rate.
  On April of 2012 the voters of the Village of Tampico passed a Referendum which allowed the Village Board to solicit bids from licensed suppliers to set a Community rate that would allow ratepayers the option of saving on their electrical bills.

Tampico joined with the City of Morrison, and Villages of Ashton, Franklin Grove, Erie, Lee Sublette and Walnut on this last bid and all share the same low rate.