Naperville Electricity Rates
Contents
- 1 Naperville Electricity Rates
- 2 Naperville Utilities
- 3 Contact ComEd for Power Outages
- 4 Shopping for Energy Suppliers in Naperville
- 5 Read the Terms and Conditions!
- 6 What is ComEd Price to Compare?
- 7 Is There an Early Cancellation Fee?
- 8 Fixed vs Variable Rates
- 9 What Happens at the End of my Term?
- 10 View by City
- 11 Clean Energy
- 12 Electricity Rates
Residents living in Naperville, IL can shop for electric suppliers and save money on the electric bills. The city of Naperville is just one of many cities in Illinois that is located in a deregulated electricity market. Thanks to legislation passed in 1997, the responsibilities of the Illinois utilities became unbundled, opening the door to outside energy suppliers to provide generation services to Illinoisans. Increasing the number of energy providers in the market has helped push down energy prices. Naperville electricity rates fall under the Commonwealth Edison (ComEd) utility service area.
The city of Naperville is located 30 miles southwest of Chicago and has a population of just under 150,000. The weather consists of mild summers, cold winters, and has an average annual rainfall above 35 inches.
Naperville Utilities
If you’re planning on moving to the city, then you can expect to set up your electricity account with Commonwealth Edison (ComEd). Naperville is located in the ComEd utility service area. The utility company is responsible for maintaining the lines and wires to safely deliver the electricity to its customers. The delivery charge is the regulated section of the electric bill and is the cost of delivering power. Residents living in the ComEd utility service area will not be able to switch to another utility company.
Contact ComEd for Power Outages
If you recently changed energy providers and experience a power outage, then you will still need to contact ComEd. The utility company is responsible for fixing any outages within its service area.
- Commonwealth Edison contact information: 1-800-334-7661
Shopping for Energy Suppliers in Naperville
While the delivery section of the electric bill is regulated, the supply charge is not. The supply charge deals with generation services. This is the amount of electricity the customer is estimated to use during the term of the agreement. Locking in a lower supply rate will reduce the costs you pay for generation services.
Energy choice has given more options to residential and commercial residents in Naperville when it comes to lowering the electric bill. Selecting the right energy plan requires knowing what you want. The right energy plan for you may not be the right one for your neighbor. Below are a few things to consider while shopping for electric suppliers.
Read the Terms and Conditions!
While this may seem obvious, many people will lock in a plan without fully reading the fine print. The terms and conditions will lay out details of the plan including energy rate, terms length, early cancellation fees, and any additional charges. Knowing the details of the plan will save you from any surprises on the electric bill.
What is ComEd Price to Compare?
ComEd is required to provide generation services to customers who do not switch electric suppliers. This charge is known as the ComEd price to compare or the default rate. The price to compare changes twice a year and can be used while shopping for new energy plans. If another energy company is offering you a supply rate that is lower than ComEd’s price to compare, then you will be saving money by locking in the new rate.
Is There an Early Cancellation Fee?
Most energy plans will include an early cancellation fee that will be applied if the customer changes electric suppliers before the old plan expires. Cancellation fees can come in the form of a flat fee or a dollar amount multiplied by how many months are left in the agreement. Early cancellation fees can cost the customer up to $300 so be sure you know the details of your plan before switching electric suppliers.
Fixed vs Variable Rates
The two most popular residential plans include fixed and variable rates. Choosing between the two plans may have a lot to do with current energy prices. If the market is low, then it will make sense to lock in a fixed rate. Fixed rates will protect the customer during a rising market. However, if the market continues to drop you may be stuck paying a higher rate.
Variable rates can fluctuate monthly. These plans expose the customer to more market risk. It is not uncommon for an energy supplier to offer a low introductory rate, only to have the rate increase during the term of the agreement. However, most variable rate plans do not include an early cancellation fee allowing the customer to change energy supplier at any time without being penalized.
What Happens at the End of my Term?
If you allow the energy plan to expire without taking any action, then the energy provider may change you to a month-to-month variable plan. Once this happens don’t be surprised to have the electric bill double or even triple in a single billing period. We recommend locking in a new rate a month before the old plan expires.