The Illinois Commerce Commission’s Office of Retail Market Development released its annual report on Illinois electric competition. It showed that electric consumers with alternative suppliers lost $246.1 million just over the last 12 months.
That makes nearly $800 million lost in the last four years! Since June 2015, total residential consumer losses in Ameren territory are $267.7 million, and in ComEd territory a whopping $529.7 million.
Almost $122 million of those losses in Ameren territory occurred in just the last 12 months, between June 2018 and May 2019. Residential consumers in ComEd territory lost $124.2 million in the same period.
Fortunately, new consumer protections against scams and dishonest sales tactics from alternative energy suppliers go into effect in January. The downside is that alternative energy suppliers may be desperate to sign customers up and lock them into bad deals before the new rules take effect.
To see these outrageous numbers yourself, go to this link, click on the 2019 report, and see pages 32 and 35 for the loss figures.