Chicago Electric Rates.

Illinois uses a deregulated energy market model, meaning consumers get to choose their supplier. In a regulated market, utilities have control over energy pricing and would be the only option for consumers in their area. Since they operate in designated service areas, consumers have no control over the price they pay for energy in regulated markets.

The deregulated market creates competition among suppliers because there are multiple options available to consumers. While utilities are still responsible for energy delivery in your area, suppliers provide the energy and establish their rates for that energy. This model keeps the overall price of energy down and prevents monopolies. With the market constantly changing, evaluating and switching suppliers can help you save.

You can count on your utility to help you during an outage or downed power line. In Chicago, your utility is ComEd. This company will also ensure you receive energy from the supplier you sign a contract with.

When you’re ready to shop for a new supplier agreement, you will want to know when your current contract ends to avoid potential early termination fees. You’ll also want to decide what type of rate you’re looking for. Fixed rates offer the most budget certainty and come with less risk for clients. While variable rates fluctuate with the ever changing energy market. Before you sign your next agreement, let us talk through your different options together.