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Constellation has the record having been featured as the "Best Electricity Companies" list 6 times in the last 8 years. You've got to be doing something right to get on the list 6 times.
With Morton electricity rates low now, it's the best time to lock in a low fixed rate plan and avoid rising Ameren PTC rates. Shop now and see how much you can save!
Spring has sprung, dropping electricity useage and bringing savings your way! And with natural gas prices dropping to a four year low, electricity rates have really fallen. So if you want to take advantage of the low rates, shop the best electric company and lock in the cheapest rate now! Check out these fixed rate plans in Morton that can save you a bundle!
Save with a 4 Star Electricity Provider
The Ameren PTC rate of 8.683 cents per kWh ends on May 31, 2024. So assuming an average monthly electricity usage in IL is 720 kWh, this means the PTC cost is about $62.52 per month. With a La Nina looming on the horizon, we will likely see a much cooler winter. And natural gas prices, along with electricity rates, are going to rise to match. So, you want to lock in a low rate now.
First up we have Direct Energy, with two wonderful plans on offer. Firstly there's the Live Brighter 12 plan, an offer only available to new customers. This plan comes in at 11.03 cents per kWh, costing around $79.42 a month for electric supply. And with no monthly fees to worry about!
Then we have the Term Optimized Live Brighter 9 plan. This one is only 10.99cents per kWh for a 9 month fixed rate, costing around $79.13 a month in electricity supply costs. Additionally with no monthly fees. And as a bonus, you can get two years of Amazon Prime with certain qualifying plans!
Clean Electricity at a Long Term Fixed Rate
Next up from NRG we have the 12 Month Electric Choice plan. At 11.10 cents per kWh, you'll be paying about $79.92 in monthly electricity supply costs. And with no monthly fees to bog you down! In addition, NRG has several travel rewards options available, including partnerships with Amtrak and American Airlines.
Save with a Top Rated Provider
Finally we have a plan available long-term rate from our #1 rated provider, Constellation. Their 12 Month Home Power Plan comes in at 10.99 cents per kWh, costing around $79.13 a month in electricity supply costs. Additionally, with no monthly fees to worry about. Additionally, Constellation has a robust awards program that includes daily giveaways, and discounts you can earn with points from several different brands and businesses.
Shop and Lock Rates While Plans are Cheap
Make no mistake, these rates won’t stay low for long. Summer months lead to higher electricity use and rising electricity prices. Locking in a low rate now can save you a ton of money in the future! So, be sure to compare providers and rates, read reviews, and save money at https://www.ilenergyratings.com.
Ameren PTC rates will likely rise next year. Learn how to save more money when choosing the best 12 month electricity plan for your home in Peoria.
If you want to shop for the best electricity rate, now is the time. Fall weather is here, and with it comes decreased electricity demand. And that helps lower prices. In addition, lower natural gas prices have also help push electricity down further. But shopping the best plans and rates can be confusing. The good news is that if you're not sure where to start, don't worry! Let's look at three of the best 12 month electricity plans available in Peoria.
Why Pick a Plan Higher than the PTC Rate?
Right now, electric rates in Illinois are well below the yearly national average. The current Ameren PTC rate is a bit lower than most of these plans we'll get into. However, the Ameren PTC rate expires on May 31st. And by then summer weather will start driving up energy demand and prices.
Shopping for a 12 month fixed-rate plan now means you'll lock in the current low rate for the next year. And those rising summer PTC rates won't affect your bills. Plus, without early termination fees, you can always leave your contract if rates fall again and you find a better deal.
Find the Best Electricity Rate
First we have the best 12 month rate available, from NRG Energy. Their 12 Month Electric Choice plan comes in at only 10.1 cents per kWh. Assuming an average Illinois home uses about 700 kWh each month, the monthly energy supply charge will be about $70.70. And with no monthly fees, you can't go wrong with this plan.
Get a Great Deal on Electricity
Next, we have a great deal for customers new to Direct Energy. Their Live Brighter 12 plan comes in at only 10.19 cents per kWh, so you'll only spend an estimated $71.33 a month for your electric supply. In addition there are no monthly fees to worry about. And when you refer a friend to Direct Energy, you both get a $50 gift card!
Choose a Highly Rated Provider
Finally, we have Constellation. Their 12 Month Home Power Plan comes in at 10.69 cents per kWh, so your electric supply charges will run about $74.83 a month. In addition, there are no monthly fees to deal with. And as one of our highest rated providers, you'll be happy with the service from Constellation.
Shop for Electricity and Save
These are just a few of the plans available. There are other options for longer or shorter terms that you can shop right now. Plus, you can read reviews, track electricity rates, and a lot more at https://www.ilenergyratings.com.
