Joliet Electric Rates.

Illinois has a deregulated energy market like many other states in the country. Deregulation drives competition among energy services, and prevents monopolies which can keep the overall price of energy down. Providers set their rates to gain market share, and energy consumers choose their electric service based on personal preference.

Providers are responsible for purchasing your power that utilities then get it to you. Utilities operate in set service areas, so they depend on where you live rather than personal choice. In Joliet, your utility is ComEd. If you encounter a downed power line or outage, you can contact ComEd to respond to the issue.

The deregulated market constantly fluctuates for various reasons, which means your new energy agreement will be different from your last. Shopping for electric can help you keep your average cost of utilities down. Before you start shopping for new providers, find out when your current contract ends to avoid any potential termination fees.

When you sign a new contract, you’ll agree to a fixed or variable rate. Fixed contracts provide a consistent rate for a specific period, and variable rates change from month to month based on the energy market.