Ameren’s had $90 million in rate hikes since 2008, and now it wants more. In late January, Ameren Illinois filed for a $53 million natural gas rate hike, including a return on equity (profit rate for shareholders) of more than 10 percent. This is the same Ameren whose parent company earned more…...
Consumer Alert: Highest prices in the Illinois electric market
The Illinois electric market can be confusing (and expensive!) but CUB is here to help. We reviewed more than 100 individual offers from alternative electric suppliers across Illinois and we want to warn you about the highest prices we found. Some of these rates about double that of the regulated utility! In ComEd territory,…...
Join the fight against ComEd & Ameren rate hikes
As of Jan. 1, ComEd and Ameren hit Illinois consumers with a combined electric rate increase of $436 million (about $232 million for ComEd and $204 million for Ameren). The rate-hike, which went into effect January 1, impacts “delivery” rates—what you pay the utility to deliver power to you—and accounts…...
Illinois natural gas prices drop (for now)
By Samantha Vercellino The temperature isn’t the only thing that’s dropping. Gas prices have fallen by up to 31 percent this month, compared with December. Here’s a sampling of what major Illinois utilities are charging this month compared with last: Utility Company Jan. 2015 (cents/therm) Dec. 2014 (cents/therm) Percent Ameren 56.308 57.17 -1.51%…...
News that hits us like a big lump of coal: Gas prices up by as much as 30% this December
By Samantha Vercellino As cold grips the Midwest in the opening days of December, we’re forced to welcome natural gas prices that are up to 30 percent higher. Major Illinois utilities are charging consumers 13-30 percent more to heat their homes this December compared to last. Peoples Gas showed the…...
Bracing for winter? CUB is!
At CUB we’re preparing for another busy winter. Are you ready? In the first half of 2014, CUB’s crew handled 2,507 complaints/inquiries from gas and electric customers reeling from polar vortex price spikes. That’s a 79 percent increase from the previous year. Despite this week’s burst of winter, the cold season isn’t…...
Special Report: Is your community power deal still best for you?
Once, municipal aggregation—when community leaders negotiate power prices on behalf of residents–was a sure bet for electricity savings. Not any more. “Although it’s still possible to save money with electric competition, the era of easy savings is over in Illinois,” CUB Executive Director David Kolata says in CUB’s special report today. Kolata advises consumers…...
