One year ago, Illinois residents were recovering from a polar vortex that pushed natural gas prices as high as a record $1.21 a therm. Flash forward to this spring and gas prices have fallen by as much as 84 cents per therm. The prices change on a monthly basis, but…...
Worst Natural Gas Deals in Illinois
In northern Illinois, consumers have the option of choosing their natural gas supplier. But be careful! CUB reviewed dozens of offers and uncovered prices that were double or nearly double the utility rates. Watch CUB tell ABC 7’s Jason Knowles how to be a savvy shopper in the gas market. The fact that…...
Peoples disaster = Higher gas rates?
The Peoples Gas pipe replacement program is shaping up to be the biggest train wreck of 2015. Projected costs have reportedly doubled—to $4.6 billion—in five years. That could cause our gas rates to double over the next decade! Peoples had previously accelerated its schedule to replace 1,700 miles of aging pipes under the…...
Keeping up with $1.6 billion in Illinois rate-hike battles
Consumer wallets took a big hit in January, with four utility rate increases–and a new $53 million natural gas rate-hike request. On Jan. 1, ComEd and Ameren were awarded a combined electric rate increase of $436 million (about $232 million for ComEd and $204 for Ameren). CUB filed a “petition for…...
Breaking: Peoples, North Shore Gas receive $78.5 million in rate hikes
The Illinois Commerce Commission (ICC) Wednesday granted Peoples Gas and North Shore Gas a $78.5 million increase in delivery rates ($74.8 million for Peoples Gas, $3.7 million for North Shore Gas, according to ICC figures). We’re glad the ICC slashed the companies’ initial rate requests by more than $50 million, but we still think the…...
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%…...
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…...
Hallelujah! Feds expect lower heating bills this winter
By Samantha Vercellino With federal experts predicting natural gas, electricity and propane costs to fall this winter due to above-average temperatures, Midwesterners can sleep a bit easier knowing another polar vortex blast doesn’t seem to be on the horizon. Warmer winter weather and lower fuel consumption means Midwesterners will pay…...
