The on Monday continued to lay the foundation to negotiate lower electricity rates for residents as the board approved joining a group of other Will County municipalities participating in electricity aggregation.
, allowing the village to negotiate energy rates for residents and small businesses. In advance of that referendum, the Will County Governmental League, a nonprofit organization that represents county cities, towns and villages in regional issues, .
The village also had the option of trying to work out lower electricity rates on its own, . Reasons the committee gave for being part of the consortium included the group's potential buying power being greater than the village's when it comes to negotiating rates and the savings Frankfort would incur by not having to expend resources on the bidding process and other factors.
The next step for the village will be holding public hearings on May 14 and 21 to answer residents' questions. The Will County Governmental League also will be holding a series of regional hearings, but dates and locations haven't been released.
HAVE ELECTRICITY AGGREGATION QUESTIONS? Mayor Jim Holland also will be doing a live online Q&A for residents on Frankfort Patch at 5:30 p.m. Thursday, May 17.
Other things on Frankfort Patch you might like:
We like you, so "like" us on the Frankfort Patch Facebook page.