Households that get their power from the utility will see a 7 percent price cut beginning in June. Those who buy from alternative suppliers? Check your bills to see if you’re paying too much.
By: Steve Daniels |
The price ComEd customers will pay for energy is dropping to its lowest level in two years, thanks to continuing declines in wholesale power prices. The price, determined after the yearly spring auction of power generators conducted by the Illinois Power Agency, will be 6.725 cents per kilowatt-hour. That’s a 7 percent reduction from 7.219 cents currently.
The price will be in effect from June through September and then will readjust in October for the following eight months.