The Illinois Energy Consortium (“IEC”) is made up of almost 250 school districts and community colleges who have teamed up to purchase electricity.
While the IEC has been supporting Illinois School Districts since 1999, in 2014, the IEC partnered with NextEra Energy Services — part of the largest generator of wind and solar power in North America — to bring more power supply options to Illinois schools.
IEC Goal: Provide a vehicle for members to effectively control energy costs and budgetary risk thus freeing up funds for education (technology, staff development, special education and other student needs).
IEC Role: Energy purchasing consortium that establishes cutting edge product options and makes energy purchasing decisions on behalf of its members. The IEC Board helps to protect almost 250 Illinois public school districts and college member’s budgets from price volatility.
IEC Benefit: Additionally, members receive energy budget forecasts, user-friendly supply agreements, consolidated billing, superior account management, excellent customer service, extended payment terms, and the power of being a part of the largest not-for-profit state-wide energy purchasing consortium sponsored and supported by the IASA, IASB, and IASBO.
NextEra Energy Services is offering a special benefit for members who pay in advance of their 60 day payment terms. If you pay 5 of 6 invoices within 15 days, you will receive a $0.15/MWh discount; if you pay 5 of 6 invoices within 30 days, you will receive a $0.10/MWh discount. Credits will be awarded twice annually, in January and July, based on the previous six months of invoices. Early Pay Incentive terms are located here.
NextEra Energy Services (NES) (which includes NextEra Energy Services Illinois, LLC – IL# 11-0424) is a leading retail supplier of affordable electricity services to residential and commercial customers in competitive energy markets. Together with our affiliate companies, we are licensed to serve residential and commercial customers in 14 U.S. states and the District of Columbia.
You are in good company. With almost 250 Illinois public school districts and colleges as members, your board can feel comfortable that your energy purchasing strategies are on par with the other 300 members in the state. Since the IEC is made up of the three Illinois Educational Associations, you know they have the Districts’ best interest in mind, and provide comfort in their experience with energy strategies and contracting.
Yes. If you are obligated to issue a RFP, the IEC will respond in full.
If you are an Illinois-based public school district, please remember that the Illinois courts have ruled that public school districts are exempt from competitive bidding under the Illinois School Code 105 ILCS 5/1-1 et seq (case No. 1-07-2041).
To offer competitive pricing, a longer-term commitment is requested. However, within the term of the MPA, a member can elect a shorter product term and change products as often as once a year.
We encourage you to reach out to your current supplier and determine when your existing contract expires. NextEra Energy Services can enroll you following the expiration of your existing agreement.
A dedicated Account Manager will be responsible for managing your accounts and addressing questions or concerns you may have.
For immediate questions, please call 866-482-4392.
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