Lower Your ComEd Electric Bill Through Electricity Deregulation
Does your ComEd electric bill seem to be more and more expensive each month? Energy bills can be much, much higher than we’d like, particularly in big homes or poorly insulated houses.
We’re all aware of the many small changes that can lower your IL electric bill, including using compact fluorescent light bulbs, sealing cracks along windows and doors, and installing energy-saving appliances. There is another great way to lower your electricity bill. It’s called electricity deregulation.
Deregulation Can Help You Lower Your Electric Bill
Unlike the electricity-saving means explained above, electricity deregulation requires very little effort and no spending on the part of the consumer. There’s nothing to buy, and no home improvements necessary. In less than ten minutes, you can find the best electric rates around and lower your electric bill. Here’s how.
Electricity Deregulation Explained
Up until a few years ago, consumers had no say in their electricity provider – there was just one option, the local IL utility company. This meant that ComEd had a monopoly on the electricity industry, and therefore could charge consumers outrageous rates.
Today, consumers in Illinois can choose who supplies their electricity. Electricity deregulation empowers consumers, encourages industry competition, and results in better electric rates!
Is It Really This Easy?
Once you switch to an electricity supplier offering a lower rate, there’s nothing left for you to do. You’ll still receive a single electric bill, but due to deregulation, the bill will reflect the lower rate offered by the private electricity supplier you choose. And if you experience a power outage, you’ll still contact ComEd to correct the problem. The sole purpose of electricity deregulation is to provide consumers with electric rate choice. It’s that easy!
How Much Will I Save by Switching Suppliers?
The total amount you can save on electricity though deregulation depends on the supplier and plan you choose. Some people choose green energy options while others may choose a 6 month or 12 month fixed rates. Always check your current rate when shopping for a new provider.
ShopForEnergy.com is an energy comparison site that helps energy consumers large and small find the best deal on ComEd electric rates.
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