Cheapest Energy Supplier in Washington Knolls, IL
Posted onSwitch to the Cheapest Energy Supplier
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.