Deregulated Utilities In Chicago |

In Chicago, the energy market is deregulated, allowing residents and businesses to choose their electricity and natural gas suppliers independently of the local utility company. The utility, ComEd, still handles the delivery, maintenance, and emergency services, but customers can select a third party supplier offering potentially better rates, fixed pricing, or renewable energy options.


Electricity Deregulation in Illinois

In Illinois, the energy market is deregulated, meaning that while utility companies still manage the delivery and maintenance of electricity and natural gas, consumers have the freedom to choose their energy suppliers.

This deregulation, which began in the late 1990s, aims to foster competition and provide consumers with more control over their energy costs.

Residents and businesses can select a third party supplier offering different pricing plans, such as fixed-rate or variable-rate, or even choose renewable energy options.

The local utility company Common Wealth Edison Company (ComEd), remains responsible for distribution, billing, and emergency services. Deregulation allows consumers to shop for competitive rates, potentially leading to cost savings, but it’s important to compare offers carefully to avoid hidden fees or unfavourable contract terms.


Natural Gas Deregulation in Illinois

Illinois’ natural gas market is deregulated, meaning consumers can choose their natural gas supplier independently from the utility company which still handles the delivery and infrastructure.

Deregulation encourages competition among third-party suppliers, allowing customers to shop for lower rates, fixed pricing, or renewable energy options.

Suppliers may offer fixed, variable or indexed plans, giving customers flexibility in how they pay for their natural gas connection.