Do regulators ever reduce regulation? The ICC will be making it harder for customers to save money on their energy.
The State of Illinois required electric utilities to offer competitive offers for electric service. The distribution of the energy (through the wires) would remain regulated, meaning the utility (COMED, Ameren, MEC) would remain. This was so effective that in April of 2014 the state issued its report citing $37,000,000,0000 ($37 billion) that residential customers in Illinois saved
http://realgyenergyservices.com/competition-work-tune-37-billion/
So why make it harder to sign up for such a service?
The Illinois Commerce Commission (ICC) believes it’s necessary to prevent customers from being misled.
For instance, the ICC is proposing to train sales people before they would be allowed to offer such services door-door. I am sure this will be the training that Department of Transportation workers receive in issuing your driver’s license (hasn’t that worked out great).
After you sign an agreement for service you will need to have a company call to verify that you intended to sign that document…..it’s called third party verification but isn’t that why you signed it?
No automated renewal, no phone call for updates; rather it requires US Mail service for changes.
The ICC already has the authority to stop any alternative retail energy supplier or utility from misleading a customer. So these proposed changes add regulation on top of regulation. Which by the way is what a regulatory agency would want!
Realgy opposes unnecessary regulation that serves no purpose but to obstruct a customer’s decision.
Realgy Energy Services is a registered Retail Energy Marketer in the states of Illinois, Michigan and Indiana. 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.
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