Residents and small businesses in Buffalo Grove and surrounding towns may soon get a break on their electric bills. With all or most precincts reporting results from the villages’ electricity aggregation referendums, the majority of voters were in favor of the measure. Passage of the referendum in each town allows officials to seek competitive prices from other electricity suppliers.
Buffalo Grove teamed with Long Grove, Lincolnshire, Wheeling, Palatine, Arlington Heights and Vernon Hills to educate residents about the initiative. Across Illinois, 276 municipalities posted the same referendum.
Villages that approved the measure will seek bids from suppliers other than ComEd. By negotiating rates on behalf of thousands of residents, officials say they expect customers to save about 25 percent on the supply portion of their electic bill. A "green" alternative will also be offered.
Those who don't wish to participate in the program will be given the opportunity to opt out.