Many Illinoisans live in cities that have negotiated competitive electricity rates for their citizens. This is referred to as municipal aggregation. In most cases, the negotiated rates are lower than the default Comed Utility rate. However, Comed’s rates have come down to 7.006 cents/kwh which means many city rates are now too high. Depending on electricity use, consumers who live in these higher rate cities could be paying an extra $10, $20, $30 or more for electricity every month.
The cities and their rates are listed here:
Aurora – 8.086/kwh
Dwight – 7.88/kwh
Justice – 7.89/kwh
Lanark – 7.852/kwh
Morton Grove – 7.84/kwh
Mount Prospect – 7.935/kwh
Owen Township – 7.845/kwh
Riverside – 7.81/kwh
Warrenville – 7.89/kwh
Consumers living in those cities should consider opting out of their municipal plan. There are no penalties to do so under Illinois law. While they can now switch back to Comed whenever they want, consumers in those cities could also shop for much cheaper rates or let a service such as Energy Simply manage that shopping and switching for them. Rates in Illinois are as low as 6 cents/kwh meaning that significant savings can be realized. And – when consumers let Energy Simply do the shopping and switching, they can rest easy knowing that they’re in the cheapest electricity plan at all times.