The electricity market has been very good to ComEd-parent Exelon over the last decade, helping the company reap more than $21 billion in profits thanks to high power prices and its fleet of nuclear power plants. But times have changed: Wholesale prices have fallen, thanks to a surge in natural…...
Put up your dukes: Time to take on rate hikes
In 2014, CUB is fighting more than half-a-billion dollars in rate-hike battles from ComEd, Ameren, Peoples Gas and North Shore Gas (see the chart below). In response, we’ve established an emergency Consumer Defense Fund and we have a challenge for you: Help us raise $50,000 by April 30th to cover…...
Chicago Power Deal
The City of Chicago recently negotiated a new rate with Integrys Energy to fulfill the last 12 months of a 28-month municipal aggregation deal. The bad news for consumers: rates are going up. The less-bad news: rates are going up across the board for electricity in June, regardless of your supplier–and most…...
Municipal aggregation referenda results
Residents in 82 communities or counties have voted on whether they want local leaders to negotiate their power prices with ComEd or Ameren competitors. Here’s an example of the referendum: Shall the (Name of county/municipality) have the authority to arrange for the supply of electricity for its residential and small…...
Sign of things to come? Supplier wants out of community power deal
In an unsettling development in the electric market, an alternative power supplier wants to renegotiate the low price it secured for a Chicago suburb through July of 2015. Crain’s Chicago Business reporter Steve Daniels broke the news recently: Nordic Energy Services says the “polar vortex” winter jacked up its market…...
