Under the deal, the company will provide the Village of Erie a fixed price on electricity for the three-year period.
The Village of Erie has established an opt-out aggregation program that automatically enrolls residents and businesses to receive the new fixed rate.
Nordic Energy said that residents or businesses currently with another provider other than the utility will not be enrolled.
Nordic Energy president James Deering said that Erie along with many other Illinois municipalities are leveraging their electricity providers to receive better rates and provide cost savings to their town.
Nordic Energy supplies natural gas and electricity and provides related services in the US states of Illinois and Indiana.
