A new approach for many third-party energy suppliers in deregulated energy markets is to cut deals with large cities and municipalities setting one rate for electricity for their entire customer base. While competition always benefits consumers, it is important to note that you will almost never get the best rate entering into one of these aggregation deals. If it’s simple and the local government is involved, it won’t be the best deal available!
Recently, the City of Chicago entered into an agreement with Integrys Energy to offer a fixed rate of 5.42 cents per kWh to residential and small commercial accounts within the Chicago city limits. This is just the latest example of aggregation that is easy for the consumer, but isn’t the best rate, or best for our environment.
Smart consumers who are willing to do a little researwork will almost always do better buying and choosing for themselves then choosing one of these ones size fits all group deals. We understand that many of you may have questions, so I have summarized the information publicly provided by the City of Chicago on its website.
The following are a few bullet points for you about how the aggregation deal impacts your choice in electricity:
1.This is an opt-out aggregation: This aggregation only applies to residential and small commercial (less than 15,000 kWh per year) customers who are ComEd delivery and supply customers.
2.Viridian’s current rate is more attractive than the rate offered to customers through the aggregation deal: Viridian’s current 6-month fixed residential rate of 5.29 cents per kWh is extremely competitive with the aggregation’s fixed rate of 5.42 cents per kWh. Moreover, Viridian is offering a 12-month fixed commercial rate of 5.42. This means that Illinois customers can select a rate that is the same as or better than the City of Chicago aggregation rate while still receiving the sustainable benefits of Everyday Green energy from Viridian.
3.Those who opt out can still switch to Viridian: For ComEd delivery and supply customers, the opt-out deadline is Wednesday, Jan. 9, in order to not be switched to Integrys. Please note, however, that customers eligible to opt out will be allowed to switch to Viridian at a later date and will not incur cancellation fees from Integrys.
For more information about the City of Chicago aggregation agreement, Viridian, or deregulated energy and energy choice, you can fill out our contact form at http://www.skinnybdirect.com, visit our Viridian website at http://www.viridian.com/bryanscott, or reach out to us on Facebook at http://www.facebook.com/SkinnyBDirect?ref=hl.
There is also unbiased and independent information on energy choice and approved vendors in IL, direct from the Illinois Commerce Commission here: http://www.icc.illinois.gov/consumer/energy/Suppliers.aspx?m=R&r=1