Verde Energy to Supply Four Additional Illinois Aggregations

Verde Energy USA announced that it has been selected by the Illinois communities of Glen Ellyn, Hinckley, Oak Lawn, and Somonauk to provide energy under their opt-out electricity aggregation programs.

The selections were made following competitive Request-for-Proposal processes in each of the communities.

Including these four new communities, Verde will provide power to twelve municipalities and over 50,000 customers under municipal aggregation, "which adds to the thousands of individual customers Verde already services outside of municipal aggregation programs in Illinois," the company said.

Under the terms of the agreements with Glenn Ellyn, Hinckley, Oak Lawn, and Somonauk, residents will receive a fixed-rate supply of electricity, with savings of up to 40 percent off current utility rates, the company said.

Oak Lawn, Hinckley, and Somonauk residents have the option to individually select 100% renewable energy supply. All Glen Ellyn residents will all be enrolled under a 100% renewable product.

Customers will also have access to Verde Energy Savings Solutions, a suite of web-based tools which allow users to monitor and analyze their monthly energy usage, access information on how they can reduce their energy consumption, and purchase energy-saving products at a discount.

Thomas FitzGerald, President and CEO of Verde Energy USA said, "With these most recent contract wins, we continue to expand our business in Illinois and deepen our relationships with the communities and customers we serve. Our ability to come out on top in these competitive bids demonstrates the on-going strength of Verde Energy Solutions' offerings, both in terms of their cost-effectiveness and clean technologies."