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.
- Meet the Team
- Products
- Early Pay Incentive
- Terms of Service
FAQs
The Illinois Energy Consortium is a nonprofit, joint energy-purchasing pool sponsored by the Illinois Association of School Boards (IASB), Illinois Association of School Administrators (IASA) and Illinois Association of School Business Officials (IASBO). It is designed to lower electricity costs for Illinois school districts and community colleges and make funds available for technology, staff development and educational goals. (See signup for more details)
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.
NES is proud to be a wholly-owned subsidiary of NextEra Energy Resources, one of the largest wholesale generators of electric power in the U.S. and one of the world’s largest generators of renewable energy from wind and sun. Our parent company, NextEra Energy, Inc. – one of the nation’s leading clean energy providers – is a Fortune 200 company and included in the S&P 100 Index. NextEra Energy has been ranked No. 1 in the electric and gas utilities industry on Fortune's 2017 list of "World's Most Admired Companies” for the 10th time in the past 11 years. The company was also named one of the top 10 companies in the world, across all industries, for innovation, social responsibility and wise use of corporate assets.
Since June 2014, our program with NextEra Energy Services offers more choices and more flexibility. Members can select a one, two or three-year product term and change products throughout the term of their Member Participation Agreement (MPA). Additionally, there is both a fixed-energy price and an IEC-managed product option to give members more choices to align with their specific district needs.
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).
The terms of the program are located here.