Oak Park Electricity Rates
Residents living in Oak Park, IL have the power to shop for an electric supplier and lower the supply rate on their electric bill. Oak Park electricity rates fall under the ComEd utility service area. The city is one of many in Illinois that is located in a deregulated electricity market. Thanks to the Illinois Electric Service Customer Choice and Rate Relief Law of 1997, competing energy suppliers can enter the market and offer residents another choice for their generation charges. ComEd will still provide generation services for customers who decide not to switch over to another electric supplier.
The city of Oak Park is located 10 miles west of Chicago and has a population of just under 55, 000. The weather includes warm to hot summers and cold winters. It’s not uncommon to have harsh winter storms during the winter that can lead to a sharp increase in natural gas usage.
ComEd Utility Serves Oak Park, IL
ComEd is a utility company that is responsible for delivering power to its customers. This section of the electric bill known as the delivery charge is a regulated charge overseen by the Illinois Commerce Commission. A customer living in the ComEd utility service area will not be able to change to another utility company. The utility company provides default generation services to those who do not switch to another electric supplier.
Contact ComEd for Power Outages
If you recently switched energy providers and experience a power outage, then you will still need to contact ComEd. The utility company is responsible for maintaining the lines and wires and will be responsible for resolving all outages.
- ComEd contact information: 1-800-334-7661
Why Shop for an Electric Supplier?
If you’ve recently moved to Illinois from a regulated electricity market, then you might consider having to choose a provider a hassle. However, it doesn’t have to be! The most obvious reason to shop for an electric supplier is to save money on the electric bill! Lowering the supply rate can potentially save you up to 25 percent or more. So, it’s not why should you shop for an electric supplier, but why wouldn’t you?
Lower the Supply Rate
As mentioned above, lowering the supply rate will lead to savings. The supply rate is the amount you pay for the electricity you use. The supply rate represents the generation charges and is part of the deregulated section of the electric bill. ComEd is required to provide this rate, known as the default rate or price to compare, to customers that decide to stay with the utility company. The default rate is not competitive.
Put a Ceiling on the Price Paid for Electricity
Locking a long-term fixed rate will protect the customer during a volatile market. The electricity market has a history of being unpredictable. Deregulated electricity markets allow the customer to choose an energy plan that will protect them against a rising market. The default rate offered by ComEd is not a long-term fixed-rate and changes every few months.
Go Green!
Energy choice has opened the doors to energy suppliers that can provide green alternatives to Illinois residents. More electric suppliers are offering plans that include 100% renewable energy. Renewable energy comes from clean energy sources such as solar, hydropower, and wind. These sources are considered to be more environmentally friendly than conventional methods of generating electricity. If you want to cut your carbon footprint, then go green today!
Bonus Perks by Switching
Some energy providers will offer additional incentives for customers to switch to their services. For example, along with signing up with a plan, the customer may receive a smart thermostat to help manage energy costs. A smart thermostat can help you save additional money by lowering your usage during peak demands of the year. This can lead to a lower capacity charge which is included in the supply rate.
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