The city council for Aurora, Illinois voted to allow First Energy Solutions as another electricity provider for city residents and business owners. City officials also bought 100 percent renewable energy.
Energy consumers in Aurora are expected to save around 25 percent on their energy bills each month and about $300 for the average household.
Mayor Tom Weisner says it kills at least two birds with one stone, helping residents not only save money but also making things easier on the environment.
“This program gives our residents and small business a free and easy way to cut their utility bills, while at the same time helping the environment,” Weisnter said. “By locking in rates today, Aurorans are expected to save $30 million over two years – that’s money that can be pumped back into the local economy, creating jobs for our residents.
As it currently stands, electricity consumers will be charged a rate of 4.71 cents per kilowatt hour when they switch from ComEd to First Energy Solutions. If enough residents make the switch, it could save the city and surrounding area about $15 million each year.
First Energy plans to send out notices to its new customers on City of Aurora letterhead and the rates are expected to kick in no later than August.