Update to Chicago Power Deal Calculator

800px-Chicago-muni-flagCUB introduced the Chicago Power Deal Calculator in June to help you decide if the City’s deal with Integrys Energy Services was the right choice for you over the summer.

Integrys recently announced rates for October 2014 through May 2015, and CUB has updated its calculator to help you determine whether to stay with Integrys or return to ComEd for the remainder of the deal.  You can use the calculator at www.ChicagoPowerCalculator.com.

The rates for the non-summer period, October through May, include a 5.299 cents per kilowatt-hour (kWh) rate. Chicago consumers also are assigned a monthly fee, ranging from $3.99 to $29.99, depending on their housing type and average energy usage over the past year.

Over the first part of the deal, all Chicago consumers saved money. Over the final year, whether or not the deal is still right for you all depends on your electricity usage. CUB’s fact sheet on the deal gives consumers general guidelines, but use the calculator to make sure:

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ComEd’s price-to-compare for September will be 7.665 cents per kWh. (It’s currently 7.596 cents per kWh), and will drop to 7.487 cents per kWh in October. Rates from November 2014 through May 2015 have yet to be finalized, but they are not expected to be much different than 7.487 cents per kWh. The calculator uses that ComEd rate to help you make a proper comparison.

If you have more questions about the calculator, visit CUB’s Chicago Power Deal Calculator FAQ page or email mcarlson@citizensutilityboard.org.

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One Response to Update to Chicago Power Deal Calculator

  1. Robert Flanary says:

    Please, Megan, it is a little more complicated than this. ComEd offers real time pricing which, for many of us, is by far less expensive. My complaint about the original Integrys deal centers around three issues. First, real time pricing will almost always be less. Second, Integrys and the Sierra Club sold the deal to Chicago on the basis that the energy was from clean natural gas when we all know there is no such thing as clean natural gas. Third, real time pricing encourages conservation. When I talk to people they tend to not be aware of any of these issues nor do they have the patience to figure it out on their own. The best approach is to simply require everyone to be on real time pricing and then let them figure out for themselves that conservation is in their best interest. Conclusion: Everyone should just stay with ComEd’s real time pricing.

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