Riverside will host a special public meeting to provide information on the subject of electric aggregation in advance of a referendum on the subject in the March 20 primary election.
The meeting will be held at 6 p.m. on Monday, Feb. 20 in Room 4 of Riverside Township Hall, 27 Riverside Road. On hand will be a representative from the Northern Illinois Municipal Electric Collaborative (NIMEC) to explain the concept and answer questions.
Riverside and Brookfield are seeking voter approval to gain the ability to use NIMEC to broker the best price for electricity for residents, which should result in a savings for electricity customers in the villages.
While the bulk-rate price for electricity would be available to all customers, residents can opt out of the villagefs aggregation program and sign on with a different electricity provider.
In November a representative from NIMEC estimated that by using aggregation, Riverside could save between $400,000 and $500,000 per year in electricity charges to customers in the village.