Renewable Energy Companies Chicago: Introduction
Chicago, the third-largest city in the United States, is home to over 2.7 million residents, each utilizing various amounts of energy daily. Since Illinois became a deregulated state in 1997, residents have had the freedom to choose their energy providers, allowing for more competition and potentially better rates. This article will guide you through the electricity landscape in Chicago, including providers, costs, and the growing trend towards renewable energy.
Who Provides Electricity in Chicago?
When Illinois passed the Electric Service Customer Choice and Rate Relief Law in 1997, it allowed residents to choose their energy suppliers. In Chicago, electricity is delivered to homes by Commonwealth Edison (ComEd), the primary utility company responsible for maintaining and repairing power lines, fixing outages, and transporting electricity across the city and surrounding areas.
While ComEd ensures electricity reaches your home, you have the option to purchase your electricity from various providers.
Energy Providers and Utility Companies in Chicago
In addition to ComEd, several energy providers supply electricity to Chicago homes and businesses. These providers include:
- AEP Energy
- Champion Energy Services
- Clearview Energy
- Constellation NewEnergy
- Direct Energy
- Illinois Gas & Electric (ILG&E)
- MC Squared Energy Services
- Public Power
- ResCom Energy
- Spark Energy
- Inspire Clean Energy
These companies purchase electricity on your behalf, often at better rates or with specific environmental values that align with your own.
The Cost of Electricity in Illinois
Energy providers in Illinois offer both fixed-rate and variable-rate plans, typically for 6-month or 12-month contracts.
- Fixed-Rate Plans: You pay a consistent rate for your electricity, regardless of market price fluctuations. This helps in budgeting and predicting monthly expenses.
- Variable-Rate Plans: Your rate varies with market prices. You could save money when prices drop, but you risk higher costs when they rise, making budgeting challenging.
Inspire Clean Energy offers a unique plan where you pay a flat monthly rate, ensuring predictable expenses for 100% clean, renewable energy.
Chicago Electricity Rates
As of the latest data, ComEd’s electricity rate is 7.069 cents/kWh. Here’s a comparison of some competitive rates from alternative suppliers:
| Energy Supplier | Plan Name and Term | Current Rate |
|---|---|---|
| Ambit Energy | Illinois Guaranteed Savings Plan – Variable | 6.58 cents/kWh |
| American Power & Gas | AP&G Intro Rate – Variable | 6.49 cents/kWh |
| Clearview Energy | Green Value Assurance 6 – 6 months; Variable | 6.69 cents/kWh |
| Dynegy | Dynegy Secure Value 6 – 6 months | 6.59 cents/kWh |
| Just Energy | JustGreen Fixed Price Plan – 3 months | 6.99 cents/kWh |
| Liberty Power | Independence 18 – 18 months | 6.99 cents/kWh |
| National Gas & Electric | Secure Power 6 – 6 months | 6.59 cents/kWh |
| Santanna Energy Services | Competitive Price – 6 months | 6.34 cents/kWh |
| Switch Energy | ComEd Fixed 12 Month Rate – 12 months | 6.99 cents/kWh |
Shopping for Electricity Rates in Chicago
The Illinois Commerce Commission’s Plug-In Illinois® website is a valuable resource for comparing electricity rates. Simply select your utility service area (ComEd for Chicago) to view a list of available suppliers, their rates, fees, term lengths, and plan descriptions. This helps you make an informed decision on the best plan for your needs.
Green Energy Companies in Chicago
As Chicago commits to sustainability, many green energy companies offer plans providing 100% renewable energy from national or local sources. Some notable providers include:
- AEP Energy: 100% Wind Renewable American Energy plan
- Ambit Energy: Green Select Variable plan
- Champion Energy: Green Power plan
- CleanChoice Energy
- Clearview Energy
- Constellation Energy: 100% Green plan
- Green Mountain Energy
- IGS Energy: Green plan
- Illinois Gas and Electric (ILG&E): Green Plus plan
- Indra Energy: Green plan
- Inspire Clean Energy: Unlimited 100% Clean Energy Subscription plan
- JustEnergy: JustGreen plan
- NRG: Renewable Electric plan
- Star Energy Partners
Is Chicago’s Renewable Energy Worth It?
Investing in renewable energy is crucial for combating climate change. Renewable energy reduces our reliance on fossil fuels, which are major contributors to environmental issues. Additionally, it stimulates the local economy by creating jobs in various sectors.
Chicago is at the forefront of sustainability, with policies supporting renewable energy as the future. The benefits of switching to renewable energy include cleaner air, reduced carbon footprint, and long-term economic advantages.
How to Switch to Renewable Energy in Chicago
Switching to renewable energy in Chicago involves a few simple steps:
- Research Providers: Use resources like Plug-In Illinois® to compare green energy plans.
- Choose a Plan: Select a plan that fits your budget and environmental values.
- Sign Up: Contact the provider to enroll in their green energy plan.
- Notify ComEd: Inform ComEd of your new energy provider. Your electricity delivery remains unchanged, but your billing and energy source will come from the new provider.
Conclusion
Chicago’s deregulated energy market offers residents the power to choose their electricity providers, potentially saving money and supporting renewable energy. With options ranging from fixed-rate plans to green energy subscriptions, there’s a plan for everyone. By making informed choices, you can contribute to a greener planet while managing your energy costs effectively.
FAQs
What is the difference between ComEd and other energy providers? ComEd is the utility company responsible for delivering electricity and maintaining infrastructure, while other providers supply the electricity itself.
How do I know if a green energy plan is right for me? Consider your environmental values and budget. Green plans often cost more initially but provide long-term environmental benefits.
What are the benefits of a fixed-rate energy plan? Fixed-rate plans offer predictable monthly costs, helping with budgeting and protecting against market price fluctuations.
Can I save money by switching energy providers? Yes, by comparing rates and plans, you might find a provider with lower rates than ComEd, leading to potential savings.
How does Illinois’ deregulated energy market benefit consumers? Deregulation increases competition among providers, which can lead to better rates and more options for consumers.