Nordic Energy Services in Oakbrook Terrace said it awarded the municipal aggregation contract for the village of Hinsdale.
Nordic Energy Services, LLC, an Illinois-based leading alternative energy supplier serving Illinois and Northwest Indiana, participated in an open process after the village passed a referendum in March. The process was overseen by the Northern Illinois Municipal Electric Cooperative and included multiple bids.
"I'm so pleased with the bid results and look forward to our relationship with Nordic in bringing the residents of Hinsdale significant savings on their electric bills," said Laura LaPlaca, Hinsdale trustee and chair of the environmental and public service committee. "By acting quickly after the passage of the referendum, we hope to get that savings to residents as soon as midsummer -- a welcome relief during air conditioning season!"
Under the agreement, residents can realize a savings of up to 40 percent off the utility rate. Residents will receive a fixed rate of 4.6 cents per kwh.
"We are proud to be Hinsdale's electricity provider of choice as we are a local company and many of us at Nordic have ties to the community," said James Deering, President of Nordic Energy Services. "We look forward to helping the community save up to approximately $3 million a year on their electricity expenses."