At next Monday's meeting the Sandwich City Council will vote on extending its electrical aggregation contract.
Progressive Energy's Arnie Schramel addressed the Sandwich aldermen at last Monday's Committee of the Whole meeting.
Citizens approved an electrical aggregation referendum for Sandwich in 2012.
Electrical aggregation is when when a municipality bands together all of its residents and agrees to purchase its electricity supply as a group, with the hope of achieving a lower rate than if the residents were to buy it on their own.
Schramel said that the City of Sandwich used to have two-year aggregation contracts, but that has gone away.
Schramel said that the average annual savings per Sandwich resident has been $70.00, and he projects a 10 percent savings vs. the Com Ed rate beginning this October.
That, Schramel says, will result in a cumulative City of Sandwich savings of $207,830.
Sandwich is in an aggregation group consisting of Aurora Twp., Big Rock, Burlington, Cortland, Kirkland, Hinckley, Malta, Maple Park, Plano, Shabbona, Somonauk and Waterman.
Schramel explained the advantages of being in an aggregation group.
Alderman Les Redden said that he has received many calls from his constituents regarding electrical aggregation and whether to opt out and stay with Com Ed.
Progressive Energy is an energy broker, and Schramel said that the winning supplier will be picked by the Sandwich City Council at the August 12 meeting, following the approval an ordinance authorizing participation in the electrical aggregation program.