Rockford Electric Rates.

In Illinois, the energy market is deregulated. In this type of market, providers set energy rates, and consumers can choose their providers. Deregulation creates competition among electric companies, eliminating monopolies and keeping the overall cost of energy down.

While consumers have control over their providers, they still work with a utility based on where they live. Utility companies distribute the energy providers sell. These companies also maintain power lines and respond to outages as needed. In Rockford, you count on ComEd to handle these responsibilities.

Energy market prices fluctuate all the time for various reasons, like weather changes or economic shifts. Since prices are constantly changing, a low rate now may not be a low rate next month. Staying on top of your energy agreement and shopping for a future start date gives you the opportunity to take advantage of a market dip now.

When you sign a new contract, you’ll commit to a fixed or variable rate. Fixed contracts are set for a predetermined period. Variable rates shift from month to month based on market changes. Before you sign a new contract, make sure you set service to start after your existing agreement to avoid potential cancellation fees.