Competitive Electricity Rates in Chicago Remain Lower than ComEd Price to Compare

The default rate for electricity that customers of ComEd are paying remains relatively high when compared to available competitive prices offered through the Illinois Energy Choice Act. ComEd is the biggest electricity utility in the state of Illinois and is responsible for providing power to the entire city of Chicago and the surrounding suburbs.

The current default price to compare ComEd rate for residential customers is between $0.0743 and $0.0793 cents per KWh. The range is dependent on the ComEd Purchase Electricity Adjustment, which gives ComEd the flexibility of adding up to half a penny, $0.005, per KWh to the default rate each month in order to make up expenses in situations where they pay more for power than the revenues derived from the price to compare customer pool. Meanwhile customers can find low electric rates in Chicago that will yield 9% savings versus the ComEd price to compare.

Chicago customers can also compare ComEd electricity rates that offer other incentives other than just a low price. Some electricity suppliers are offering cash back sign up bonuses, visa gift cards, and even a free Nest learning thermostat which is currently valued at $249. Illinois electricity suppliers are also offering green energy rate products that allow ComEd customers to purchase power derived from renewable resources.

Here is a list of the most attractive electricity rate offers in the ComEd service area, ranging from lowest price to great promotions: