ComEd’s residential energy rate is set to rise 38 percent from 5.52 cents per kilowatt-hour (kWh) to 7.596 cents per kWh on June 1. (See ways you can soften the rate hike below.) Crain’s Chicago Business reports that the average household bill will increase about 20 percent, to $82 per month because of…...
Report: ComEd parent says no to Illinois nuke bailout
According to a published report, ComEd-parent Exelon says it will NOT seek a state bailout of its nuclear power plants. (CUB Executive Director David Kolata had earlier described a full-fledged bailout as “radioactive” for consumer pocketbooks.) But the news is tinged with uncertainty, since consumer advocates wonder if the door…...
Brutal April: Ameren, ComEd ask for $481 M in electric rate hikes
We knew these rate-hike requests were coming, but they still hurt. In April, ComEd and Ameren have asked for a total of $481 million in rate hikes, which would take effect in January 2015. Here’s CUB’s statement: “This month, Ameren and ComEd have filed for $481 million in electric rate hikes—about…...
“She’s phenomenal!”
We received a call recently from a consumer ecstatic over the savings she discovered after speaking with one of our staffers at a utility bill clinic in Elmhurst. Theresia, of Wood Dale, learned how to shave $53.10 per month off her bills, thanks to guidance from CUB Environmental Outreach Coordinator Laura Goldberg.…...
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…...
Big vote: 3 things you should know about electric aggregation
On Tuesday residents in some 80 communities or counties will vote on whether they want local leaders to negotiate their power prices with ComEd or Ameren competitors. (See this great chart the Illinois Commerce Commission (ICC) put together.) The referendum will look something like this: Shall the (Name of county/municipality)…...
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…...
