Electric Deregulation puts you in control of your Illinois electricity costs!

Illinois has finally completed the transition to a competitive electricity market.  The process began in 1997. Since then, the cost of their supply for power has been frozen. During this period some Illinois businesses have been able to save money by taking advantage of an alternate supply offered by ComEd called the Power Purchase Option (PPO), others benefited by using a supplier. ComEd and Ameren are now offering new default supply rates. These new rates mean a dramatically higher cost for all electric users. Their increases are anywhere from 10% to 80% higher and became effective January 1, 2007. They are based on the results of a wholesale reverse auction that was conducted in the fall of 2006. 

Some other changes in the Ilinois electric market include:

• Customer Transition Charges (CTCs) have been eliminated: These were costs that ComEd and Ameren were allowed to recover for recovery of some stranded investments. Their costs varied depending on the market cost of power and your rate schedule.
• Rate Classes Simplified: New, simplified rate classes have been established in ComEd and Ameren territories making it easier to understand and evaluate the opportunities for electric supply. In addition, all Ameren utilities (AmerenCIPS, AmerenIP and AmerenCILCO) will now have the same distribution rate classes.
• Distribution rates the same: Distribution rates will now be the same regardless of whether you procure supply from the utility or a competitive supplier.

Exercise Your Right to Chose and Save

Nania Energy is an expert at sorting through all your choices and boiling them down to something meaningful for you.  This need not be any more complicated for you than taking the time to take a simple over the phone interview and by providing us with a utility bill. To request that we contact you please click here.