The Illinois Commerce Commission (ICC) issued rulings last November that reduced record rate hikes proposed by Illinois’ major gas utilities by $240 million. As a result of those rulings, Illinois’ major gas utilities are charging new delivery rates in 2024. Read our breakdown below, and check out our Q&A on…...
What you need to know about January 2024 gas prices in Illinois
Most gas companies are charging prices in the new year that are an average of 46 percent lower than last January, but month-to-month prices still show signs of the gas market’s instability. Gas utilities file supply prices–called the Purchased Gas Adjustment (PGA)–each month with the Illinois Commerce Commission (ICC). Below…...
CUB applauds regulators for rejecting Peoples Gas “theatrics,” as ICC opposes latest bid to additional rate hike
The Illinois Commerce Commission (ICC) Thursday unanimously derailed a request by Peoples Gas to claw back $134 million of disallowed funding for its pipeline-replacement program in 2024. If approved, the motion would have added about $8 million to the record $300 million rate hike the utility received last month. Peoples Gas executives threatened…...
A look at December’s gas prices
Most gas companies are charging prices in December that are an average of 36 percent lower than last winter. The lone exception is North Shore Gas, which is actually charging 3 percent more than last year, giving another glimpse of the roller-coaster volatility of the gas market. Gas utilities file…...
November gas prices way down from last year (with hints of market volatility)
November gas prices continue the trend of being significantly lower than last winter–by a range of 25 to 66 percent. But once again there are some examples of the roller-coaster volatility of the gas market. Gas utilities file supply prices–called the Purchased Gas Adjustment (PGA)–each month with the Illinois Commerce…...
CUB calls on ICC to reject record rate hike for Peoples Gas after agency official recommends big increase for utility
An administrative law judge for the Illinois Commerce Commission (ICC) has issued a “proposed order” recommending that the ICC approve a record-high $350 million rate hike for Peoples Gas, awarding the company the vast bulk — 87 percent —of the $402 million increase it has sought from regulators. The recommended…...
October gas prices way down from last year–hoping for no prices spikes in the near future
As Illinois enters the first month of the winter heating season, October gas prices continue the trend of being significantly lower than the last two years, with some glaring examples of the volatility that makes consumers so uneasy. Gas utilities file supply prices–called the Purchased Gas Adjustment (PGA)–each month with…...
CUB asks Illinois consumers to support the Ethics in Energy Act
It’s bad enough that utilities join industry and trade groups that push bad, anti-consumer policy. But it’s even worse that consumers actually foot the bill for those activities. That’s right, our monthly gas and electric bills help cover the utilities’ membership dues to groups that actively work against our interests. …...
