CUB warns of electricity market ‘rip-offs’
The Citizens Utility Board is an excellent watchdog organization. Their warnings and advice could not be more timely and on target.
Saving energy plays a significant role in saving the environment. When you use energy, you should know what it costs and that you are treated fairly.
There are two components to an energy agreement, price and terms. As the saying goes, what looks like a good deal is a good deal UNTIL it isn’t. This winter has certainly exposed the insider terms of energy marketers’ agreements and how cost recovery works for the utility.
In some cases, the energy suppliers provide “teaser rates” that are below utility rates but only last from 2-12 months. You are sure you will stay on top of it but time passes quickly and the next time you look at your bill, you could be paying two to three times the utility price. These “teaser rates” have a reset price that is purposely vague or that you cannot discover from any public information. Then when you want to cancel, it becomes a voice, logic, and perseverance test from the automated answering system.
As this year’s winter showed everyone that terms are important, a low rate is fine IF EVERYTHING is perfect, but that’s not the world we are in.
Realgy is proud of our price, our terms, and our customer service team. We know we offer tremendous value compared not only to the utility, but also to any other energy supplier in Illinois. In fact we put it in writing in our agreement; we call it ServiceMatchTM. It’s simple; we guarantee to beat or match any comparable proposal for your service.
Illinois is implementing real-time metering and municipalization so the complexity in energy purchases is built in. However, in our role as energy experts, Realgy offers energy service that delivers savings in an easily understandable manner as compared to the COMED or Ameren. Call our sales team today, and you’ll understand the difference.
Read the full Chicago Tribune article, “Watchdog warns of ‘rip-offs’ in electricity market”
Illinois has $400 million in rate-hikes coming
Citizens Utility Board is a public advocates’ group for Illinois rate payers. Their interest is to hold utilities accountable and help oversee the costs they charge are fair, reasonable and necessary for public service.
Realgy supports CUB in holding utilities accountable that their rates increase only to cover the costs of this winter’s prices.
Realgy, unlike the utilities, has already accounted for this winter’s costs. Realgy’s prices are historically below the utilities.
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Breaking news:
*In the wake of one of Illinois’ worst winters ever, CUB is now juggling more than $400 million in rate-hike appeals: $340 million for ComEd, $57 million for Peoples Gas, $6.6 million for North Shore Gas.
*If that weren’t enough, Peoples and North Shore Gas just announced $136 million in NEW rate hikes.
Peoples/North Shore Gas Rate-Hike Request
Following on the heels of the highest gas bills in 10 years, the utility adds insult to injury with an increase in rates for delivery. Realgy agrees with CUB that the timing of this increase is insensitive at best and discouraging for many struggling with current bills.
This increase would cover the delivery service and doesn’t even address the coming increase that will be necessary by the utility for this winter’s costs.
Realgy joins CUB in challenging Peoples Gas and North Shore in order to understand the need and the reasons for the proposed increase.
We understand that investments are needed to ensure delivery and maintenance. However this winter has shown that expansion for storage facilities to provide some relief from short-term price increases would be prudent.
Peoples Gas/North Shore operates a regulated monopoly (with no competition) as opposed to your natural gas service competition; therefore the only supervision to what they charge comes from the ICCC and from interested parties (such as CUB, Realgy, and every customer).
Realgy will post messages as this rate increase unfolds and provide help in offering comments to the ICC as they review the rate increase request.
Check out the whole Citizens Utility Board Article “Statement by Citizens Utility Board (CUB) Executive Director David Kolata on the Peoples/North Shore Gas Rate-Hike Request”
Shedd Aquarium in Chicago is planning to create an energy saving road map that other cultural institutes can follow
However this task won’t be easy. Keeping 32,500 animals healthy, happy and well-lit takes a lot of energy. Part zoo, part art space, the building is a life-support system for 1,500 species operating under the parameters of just about every time zone on the planet.
John G. Shedd Aquarium in Chicago, Illinois
“What we’re talking about is bigger than the Shedd,” said Mark Harris, president and CEO of the Illinois Science and Technology Coalition, which led the consortium that developed Shedd’s energy saving plan.
Following a plan developed pro bono by a public-private consortium, Shedd plans to swap out light bulbs, buy solar panels and sell “negawatts” (getting paid to power down). The aquarium plans to participate in a program that pays big energy users to power down on days when the electric grid is strained by demand from air conditioners. But first that means finding out what in the aquarium can be safely powered down.
“The Shedd’s in a unique position. It’s been there for 100 years and it’s going to be there for another 100 more; so, when you look at a 15-year return on investment, that’s not too bad,” Hulsebosch said.
Read the whole story: Citizens Utility Board, “Shedd Aquarium looks to slice energy bill”