XOOM Energy is a retail energy provider that offers electricity and natural gas service in select states. Service areas include California, Ohio, Connecticut, Pennsylvania, Delaware, Rhode Island, Texas, Virginia, Washington D.C., Illinois, Indiana, Kentucky, Maine, Maryland, Massachusetts, Michigan, New Hampshire, New Jersey, and New York.
ComEd's rates change in May. And with a hot summer coming, electricity rates could rise. Lock in cheapest fixed rate plan now to save on your bills for months!
With PTC rates so low, it can be tempting to stick with ComEd. But those rates will change soon! And with spring in the air, electricity prices are falling. So, now is the perfect time to shop for low priced electricity plans! Let's look at the three cheapest 12 month fixed rate plans in Chicago.
Why Pick a Fixed Rate Higher than the PTC Rate?
Right now, Illinois electric rates are well below the yearly national average. The current ComEd PTC rate is even a bit lower. However, the ComEd PTC rate expires on May 31st. And by then the hot summer weather will start driving up AC demand and your electricity 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 won't have to pay a penalty if you have to leave the contract early.
Best Fixed Rates for New Customers
To find out how much you can save, let's compare using the EIA average monthly electrical usage of 720 kWh a month.
First, we have a great deal for customers new to Direct Energy. Their Live Brighter 12 plan comes in at only 7.39 cents per kWh, so you’ll only spend an estimated $53.20 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! That's not something you can get from ComEd!
Get the Cheapest Fixed Rate Plans with Rewards
Then, we have a supplier with the best rewards program available, Xoom Energy. And they have two great plans on offer!
Their SureLock 12 is only 7.29 cents per kWh, so you'll spend an estimated $52.48 a month for your electricity supply. And if you want clean energy, they also offer the SimpleClean12 plan for only a little bit more. At 7.49 cents per kWh, you can have green energy for an estimated $53.92 a month! Both estimates are before the plans' monthly $4.99 service charge.
With these great rates, can also 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. Does ComEd do that? Nope! This rewards program makes this supplier a personal favorite!
Shop the Cheapest12 Month Plans Now
Make no mistake, these rates won’t stay low for long. Summer months lead to higher electricity use and rising electricity prices. So, be sure to compare providers and rates, read reviews, and save money at https://www.ilenergyratings.com.
Shop the cheapest energy supplier in in the Springfield, IL area. Learn how you can save on more than just your electricity bills for a whole year or more.
With PTC rates so low, it can be tempting to stick with Ameren. But those rates won't last forever! And thankfully this year, picking the cheapest energy supplier doesn't have to be difficult. Let's look at the three best suppliers in the Washington Knolls neighborhood in Springfield.
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 the hot summer weather will start driving up electricity 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 Cheapest Energy Supplier
First we have the best 12 month rate available, from NRG Energy. Their 12 Month Electric Choice plan comes in at only 10.80 cents per kWh. Assuming an average Illinois home uses about 700 kWh each month, the monthly energy supply charge will be about $75.60. And with no monthly fees, you can’t go wrong with this plan.
Best New Customer Deal
Next, we have a great deal for customers new to Direct Energy. Their Live Brighter 12 plan comes in at only 11.19 cents per kWh, so you’ll only spend an estimated $78.33 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! Does Ameren do that? Nope!
Get the Energy Supplier with the Best Rewards
Finally we have a supplier with the best rewards program available, Xoom Energy. Their SureLock 12 is only 11.19 cents per kWh, so you'll spend an estimated $78.33 a month for your electricity supply. There is also a $4.99 monthly charge to be aware of. You can also 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. Does Ameren do that? Nope! This rewards program makes this supplier a personal favorite!
Shop for a New Energy Supplier and Save
The best part? 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.
