The Daily Parker

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ComEd lowers rates, still above Integrys

Back in November, Chicagoans voted to buy electricity in the aggregate from Integrys rather than the quasi-public utility Exelon. As predicted, the big savings only lasted a few months:

And Chicago, where residents saw their first electric-bill savings this month under a 5.42-cent-per-kilowatt-hour deal completed in December with Integrys, will see its energy savings shaved to just 2 percent.

ComEd's new price is not yet official. But utility representatives have filed their new energy price of 4.6 cents per kilowatt-hour with the ICC and have told the commission they expect forthcoming transmission charges to be about another 0.95 cents per kilowatt-hour. That will make the ComEd "price to compare" cited by competing suppliers when marketing their offerings about 5.55 cents.

That said, between the new Integrys rate that hit me on my last electricity bill, and moving to the cloud, my March bill was only 54% of my average bill from 2009 to 2012. So ComEd is lowering rates too? Good. It'll still be higher than Integrys.

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