If you’re planning to switch your energy provider, you’ll want to make sure that you’re getting the most value for your money. In Illinois this isn’t a problem, thanks to a competitive electric market. A small variation in rates can mean huge savings for consumers.
The freedom of choice is one of the many benefits of the state’s energy deregulation. For the first time, consumers can have the option of choosing the type of electricity they’re buying, and can choose from a variety of providers.
The Illinois Electric Service Customer Choice and Rate Relief Law was approved in 1997. It allows businesses and residents to shop for the best prices, while also providing reliable utility service.
Picking an energy provider isn’t an simple task, but there are many ways to find the least expensive option. Many energy providers require a deposit prior to beginning service, which can be a hassle. It’s possible to find a provider offering no deposit plans. Prepaid plans are also in high demand.
Utilizing an online tool such as Price to Compare is a great way to compare electric rates in Illinois. Simply enter your zip code along with your current utility bill and you’ll find the most affordable price. You’ll also be able to see which companies are offering what types of incentives, such as green energy plans.
The Illinois Commerce Commission regulates the utility industry in Illinois. It oversees the distribution and delivery of essential services like power. Natural gas is also transported by a variety of local utilities. These companies are also responsible for maintaining and repairing power lines and energy infrastructure.
One of Illinois’ most interesting facts about energy is that a lot of renewable energy companies have competitive rates. There’s a chance that your utility company has a renewable energy program in place. With the increasing interest in renewable energy sources It’s recommended to look into a plan that offers an energy percentage produced by renewable sources.
The best way to pick the cheapest option is to compare. There are many plans for energy, so it is worth taking a look at the options. Direct Energy, Nicor Gas and Ameren Illinois are some of the most popular plans. Each utility has websites that break down the costs for each plan. This will give you a much more accurate estimate of what you’ll be spending on energy throughout the year.
While there’s no shortage of energy companies to pick from in Illinois but choosing the most affordable one for your needs isn’t as easy as it sounds. To save as much as 50% on your energy costs, think about using a third-party provider for your energy. It could require switching to a rival or using an incentive program.
Best Electricity Rates in Illinois is another excellent resource for information on the state’s electric competition. The site provides a complete guide to all things electric in the state, which includes an overview of the Illinois energy market as well as an analysis of Illinois electric rates.