Illinois Natural Gas And Nicor Natural Gas Suppliers
You have likely noticed an increase in your Illinois gas bill, whether you’re a business owner or a homeowner. This is due to the constant rate increases by utility companies. Consumers have the option of look around for a lower cost alternative energy supplier. There are a number of suppliers in the Illinois market, each with different terms and pricing.
The Illinois Commerce Commission oversees public utility companies in Illinois. These companies supply natural gas and electricity to Illinois residents and businesses. They also maintain power lines, pipelines, and other infrastructure. The state of Illinois has a unique geographic advantage over other states because it is at the center of two natural gas market centers. Illinois is also home to 19 utility companies owned by public utilities making it one of the largest natural gas markets in the world.
In Illinois, there are three options for purchasing natural gas. You can buy from an energy provider that is a public utility or a retail energy supplier, or a private energy supplier. Your choice is yours however, you must be aware of the terms and conditions of your contract.
There are two types of plans which are fixed and variable. Fixed rate plans provide the same price for a specific time period, such as three months or one year. In the case of a variable plan, your rate will change based on the price of natural gas. Variable plans allow you to switch to a better deal. This is especially beneficial for homes with air conditioning, as air conditioning consumes approximately 2% of your energy.
Direct Energy, Just Energy, Spark Energy are some of the most well-known suppliers of energy in Illinois. These companies purchase wholesale natural gas from the market, which is then delivered to customers. Just Energy offers no deposit energy to customers who are qualified for example. The price does not include taxes, delivery and service fees. You can save money by choosing this supplier.
Nicor Gas is the largest supplier in the state. It provides services to more than 163,000 customers. The company’s philanthropic focus includes protecting the environment, promoting economic opportunity through education and job training and assisting people suffering from food insecurity. Escalent’s 2021 Utility Brand & Customer Engagement study gave it a top rating.
The gas price in Illinois is determined by demand and supply. In winter, there is more demand for gas, which can lead to more expensive prices. There are also extreme weather events that can increase the cost of gas. Consumption spending can also cause an increase in the cost of gas.
Be sure you review the terms and conditions before you sign up for an Energy Choice Plan. You are entitled to end your agreement within 10 days of enrollment. Early cancellation is not subject to penalties. You are able to cancel your contract at any time. The terms and conditions of your contract will detail the charges and fees you’ll have to pay and how you’ll pay them.