Shop and Save on Electricity in Chicago
If your resolution this new year is to save money, then we’ve got just the thing for you. Shopping for electricity is a sneaky way to save over time. And by shopping for a provider, you can avoid those seasonally changing ComEd PTC rates. So let’s shop four Chicago electricity plans with affordable rates that’ll save you money.
Why Pick a Plan Higher than the PTC Rate?
Right now, electric rates in Illinois are well below the yearly national average. The current ComEd PTC rate is a bit lower than some of these plans we’ll get into. However, the ComEd 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.
Get Rewarded for Saving Money on Electricity
To compare these plans, we’ll be using the average monthly electricity useage for Chicago. Which ComEd states is about 800 kWh a month.
To begin, we have two plans from Xoom Energy. Xoom Energy has a 3.0 rating from us, which is considered good.
- The SureLock 24 plan is a 24 month fixed rate plan with a rate of only 6.59 cents per kWh. You could save $2 a month, or $24 a year.
- Next , the Surelock 12 plan is a 12 month fixed plan with a rate of only 6.69 cents per kWh. You also could save about $2 a month, or $24 a year.
Both of these plans have a $4.99 monthly charge to be aware of. And before the end of your contract, you’ll receive a letter stating what rate it’ll automatically renew to if you do not cancel.
In addition, you can sign up for the XOOM Energy rewards program, Xoom Extras. Their program helps earn you discounts, gift cards, and brings you more value than just an electricity plan.
Shop for Electricity with No Monthly Fees
Next, we have Santanna Energy Services and their Fixed Rate Electricity 12 plan. At 7.54 cents per kWh you can expect to spend about $60 a month on electricity, or $720 in a year. But there are no monthly fees or charges to be aware of. And the company has several great customer reviews. Before the contract ends, you’ll receive a notice stating that the agreement will renew at a new fixed rate if you do not cancel.
Shop with a Highly Rated Provider
Finally we have Energy Harbor and their Safe Harbor 12 plan. At 8.68 cents per kWh you can expect to spend about $69 a month on electricity, or $828 in a year. But there are no monthly fees or charges to be aware of. And as a 4.1 star rated provider, with excellent customer reviews, you know you’ll be happy with your service.
Before the contract ends, you’ll receive a notice stating that the agreement will renew at a new fixed rate if you do not cancel.
Shop and Save with IL Energy Ratings
These are just a few of the plans available that can bring you better savings over the long haul. Plus, you get more value than just an electricity plan. Remember that there are other options for longer or shorter terms that you can shop right now. You can read reviews, shop rates, and more all in one place. Don’t wait and miss out on savings. Visit https://www.ilenergyratings.com.