Wholesale Electric Costs Skyrocket in Jan 2018 with Polar Vortex

Posted on: January 18th, 2018 by rgadmin

The Polar Vortex of Jan 2018 may be history, hopefully not to revisit.
However, its impact is still being felt.

Below is a table of the wholesale electric costs in the ComEd utility area of January 15, 2018

polar vortex Jan 2018

The Wholesale Energy Costs nearly doubled. As the wholesale market provides power to ALL utility and Realgy customers, every customer will feel this cost increase.

Realgy passes costs incurred each month. Typically our costs are below ComEd. In January 2018 the polar vortex caused a supply peak and corresponding price increase.

As this is a temporary increase and one that changes during the month, we collect it through the settlement recovery charge on your bill. It will only appear on your January bill. Then, like the Polar Vortex, it will go away.

ComEd, as a monopoly utility, will collect this increase as part of their next rate increase which will be as early as February.

Realgy Energy Services is a registered Retail Energy Marketer in the states of Illinois, Michigan, Indiana and Ohio. We offer Service Plans that will provide electric and natural gas at wholesale pricing direct to customers without any utility markup. Our Service Plans work with the local utility to provide seamless service and annual energy savings. Service Plans include Guaranteed SavingsTM, ManagedPriceTM, ManagedGreenTM Index, Fixed and PriceAssuranceTM.

Realgy owns and operates 6 solar plants in Illinois and is looking to invest in additional locations.

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