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Update to Chicago Power Deal Calculator

800px-Chicago-muni-flagCUB introduced the Chicago Power Deal Calculator in June to help you decide if the City’s deal with Integrys Energy Services was the right choice for you over the summer.

Integrys recently announced rates for October 2014 through May 2015, and CUB has updated its calculator to help you determine whether to stay with Integrys or return to ComEd for the remainder of the deal.  You can use the calculator at www.ChicagoPowerCalculator.com.

The rates for the non-summer period, October through May, include a 5.299 cents per kilowatt-hour (kWh) rate. Chicago consumers also are assigned a monthly fee, ranging from $3.99 to $29.99, depending on their housing type and average energy usage over the past year.

Over the first part of the deal, all Chicago consumers saved money. Over the final year, whether or not the deal is still right for you all depends on your electricity usage. CUB’s fact sheet on the deal gives consumers general guidelines, but use the calculator to make sure:

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ComEd’s price-to-compare for September will be 7.665 cents per kWh. (It’s currently 7.596 cents per kWh), and will drop to 7.487 cents per kWh in October. Rates from November 2014 through May 2015 have yet to be finalized, but they are not expected to be much different than 7.487 cents per kWh. The calculator uses that ComEd rate to help you make a proper comparison.

If you have more questions about the calculator, visit CUB’s Chicago Power Deal Calculator FAQ page or email mcarlson@citizensutilityboard.org.