Options for Electricity Service
Alternative Retail Energy Supplier
As of 2011, Illinois consumers may choose from a variety of Electricity Suppliers rather than being forced to buy their electricity from ComEd. ComEd is still responsible for delivering the electricity and maintaining the wiring and other infrastructure. Thus, your delivery charges and taxes will remain the same. As a result, you may be able to achieve some savings on your electricity bill.
There are many different electricity suppliers all competing for your business. You can visit the Illinois Commerce Commission’s Plug In lllinois site to better understand your options. In addition, the Citizen Utility Board offers information including updated terms and rates from the various Electricity Supply Vendors. Please be aware of any monthly fees, contract length, and early termination fees, before signing up with any of the suppliers.
Special Offer for Park Millennium Residents:
Park Millennium’s energy consultant has negotiated a rate of 5.8 cents per kilowatt hour as of March, 2012 through Champion Energy. In addition to potentially saving money on your monthly electricity bill, you will also be helping Park Millennium accumulate points towards future energy efficiency projects. While you should read and understand all the terms during signup, below are some highlights:
Delivery Charges and Taxes will remain the same with ComEd or any Supplier.
The ComEd rate was last set in June 2011 and will not be changed again until June 2012. During the 36 months prior to June 2011, the average ComEd cost per kWh has been 0.081. The Champion offer is 0.058 per kWh.
Champion charges no monthly user fee.
If you move during the contracted period, there is no cancellation fee.
Everyone uses the same electricity. You now have an opportunity to pay less for it than by remaining with ComEd.
Real Time Electricity Pricing
You have the option of participating in ComEd’s Residential Real-Time Pricing (RRTP) program, in which you will be billed for the electricity you consume based on wholesale hourly market prices. One Park Millennium resident who is a participant of the program achieved an average electricity rate of 5.83 cents / kWHr over the course of 12 months.
Individual cost savings are not guaranteed and will vary month to month, based on weather, market conditions, and usage habits. However, the more participants avoid using electricity when hourly prices are high, the more they can potentially save with ComEd RRTP.
Participants will have access to hourly prices, and will receive high price notifications and alerts in addition to other useful information.
With ComEd RRTP, there are other potential benefits, including:
Helps reduce carbon emissions that contribute to global warming.
Helps ease stress on the power distribution system during high demand periods.
If you are interested, you can learn more and sign up for the ComEd RRTP program by visiting the program's website at www.theWattSpot.com, or by calling a program representative at 1-877-WattSpot (1-877-928-8776).