Chicago residents and those in the surrounding areas will soon pay more for their electricity if they don’t select a competitive retailer like Champion Energy.
Electricity rates at Commonwealth Edison will rise 40 percent starting June 1, 2014. ComEd’s Price to Compare, the rate consumers pay when you don’t pick a competitive supplier, will be 7.596 cents per kWh, through September 30, 2014. That’s a big 40% jump from their current rate of 5.523 cents per kWh. The price for October 2014 to May 2015 was also set, at 7.42 cents per kWh.
And the actual price you pay may be even higher. This Price to Compare price does not include a “Purchased Electricity Adjustment” (PEA) charge. That will add either a per-kWh credit or debit to ComEd’s supply rate each month.The PEA isn’t known in advance, but most often in recent months it has been a charge of up to ½ a cent per kWh hour.
What does that mean?
When the price to compare is 7.596 cents, you may actually be paying upwards of 8.096 cents per kWh.
When you switch to Champion Energy you’ll pay a competitive rate that’s fixed for the contract period, plus you’ll receive our award winning service. No hidden fees, no gimmicks, no gotchas. It’s what Champion Energy is known for.