Special Alert for Large & Medium Sized Businesses — ComEd Fixed Rates Gone
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If you run a mid-size business and buy your electricity from ComEd, your fixed rate pricing ended on your May 2010 meter read date. If nothing has been done, your monthly ComEd energy bills are now based on wholesale electricity market prices that change every hour. The wholesale market is volatile, and electricity prices can spike up in response to both hot and cold weather, year-long threats in the Chicagoland area. Moreover, you will be unable to budget electricity costs if you stay on ComEd's hourly rate pricing.
Fortunately, you can lock in a long-term, fixed-rate electricity contract from a competitive supplier to take advantage of the current buyer's market. Electricity prices are at historic lows, and substantial savings are available from what you were paying ComEd.
Retain GEV Corp. to get the best possible deal from a competitive supplier. GEV will evaluate and compare electricity supply proposals from multiple competitive suppliers on an apples-to-apples basis. After you're locked into the lowest possible rate provided, you will be protected from ComEd's volatile hourly rates. GEV will further protect you after the contract is signed as well by checking your monthly electricity bills to confirm they are correct, obtaining refunds or credits for billing errors, and assisting you in preparing an annual electricity budget.
Sign up with GEV
Competitive Energy
311 S. Wacker, a GEV client
GEV is uniquely qualified to advise and represent consumers on electricity because GEV's principals helped write the legislation that created Illinois' competitive electricity market in 1999. In the same year, the GEV team developed a proprietary computer model to evaluate electricity supply alternatives based on a customer's specific needs. This computer model has been used to analyze thousands of accounts.
The GEV team also spearheaded an effort on behalf of Trizec Properties, Inc. to remedy problems, such as unstable utility delivery charges, identified after the electricity market opened.
Working with all interested stakeholders – Commonwealth Edison, competitive suppliers, consumers, and government representative – the efforts of the GEV team culminated in a comprehensive settlement agreement in March 2003 that established a framework for efficient and ethical competition in Northern Illinois.
