MC2 Program Provides Electricity Supply From Solar, With 20% Discount On Supply Portion Of ComEd Bill; No Equipment Needed
The village of Niles participated in an electrical aggregation program for residents with a third-party electricity supplier until the end of last month. Now, the village is offering a new opt-in program allowing residents to save on electricity bills while using solar power.
The village is accepting names to be placed on a waiting list to enroll in the community solar program, administered by electricity supply provider MC2, which is offering a 20% savings on electricity supply costs.
The program uses electricity from solar farms, partially funded by community solar “subscribers,” offering a discount on the electricity supply portion of the bill, without the need for customers to install any solar panels or equipment on their homes or small businesses.
Aggregation is a process by which customers enroll with a third-party company, other than ComEd, for electricity supply, which is one of three portions of a ComEd bill. The community solar program is slightly more complicated, but still provides savings to customers on electricity supply.
Niles enrolled all village ComEd customers in a program where they received electricity supply from Eligo Energy starting in 2018. At the time, Eligo Energy’s electricity supply rates were lower than those of ComEd. That recently changed, causing the village to end its agreement with Eligo.
Under the new agreement between the village and MC2, ComEd customers in Niles could opt into a program where the electricity supply would come from a solar farm. Where the Eligo Energy program was something the village signed up for as a whole (and individual customers could opt-out), the MC2 program is a limited opt-in program, where subscribers can join on a first come, first served basis.
With the Eligo aggregation, ComEd customers received one ComEd bill with the supply portion listed as Eligo Energy. With the MC2 community solar program, ComEd customers would receive a separate bill from MC2, in which they would pay 80% of what the electricity supply charge would be for their monthly bill. When the ComEd bill comes, it would show a credit.
A mock bill from MC2 shows an electricity supply charge of $43.07, and a separate corresponding mock ComEd bill with a $53,84 electricity supply credit.