Over the last three years, the North Shore Electricity Aggregation Consortium has been in a contract agreement with MCSquared Energy Services, saving Lake Forest residents approximately $4.8 million. The City conducted an extensive due diligence process to determine if a new supply agreement should be considered with an alternative electricity provider and solicited bids from qualified providers in November of 2014. Currently, prices from these alternative energy suppliers are not indicative of the Consortium entering into a minimum one-year agreement price lock, as margins between ComEd and these suppliers are not advantageous over the long term.
For the time being, Lake Forest residents will receive electricity from ComEd unless a more viable rate from an alternative supplier is identified by the Consortim, or unless residents choose to use another supplier.
The reason the City did not renew its agreement with MCSquared is because a rate lower than ComEd's could not be guaranteed. Currently, the Consortium is exploring natural gas options for the future, as well as evaluating energy efficiency options. If residents wish to purchase "green" energy, the City recommends using Constellation Energy Services, which provides this option.