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(The Center Square) – Modifications to Illinois’ renewable energy policies that are soon to head to Gov. J.B. Pritzker’s desk could increase costs to taxpayers and ratepayers, some warn. On ...
The law ordered most Illinois electric utilities (including Commonwealth Edison) to provide their customers with the option of buying electricity from other suppliers. It also reduced base residential electric prices by 15%, with a further 5% decrease effective in 2001, and froze the reduced rates for ten years.
As with most demand curves, a price increase decreases demand. Through a concept known as rate design or rate structure, regulators set the prices (known as "rates" in the case of utilities) and thereby affect the consumption. With declining block rates, the per-unit price of utility consumption decreases as the energy consumption increases ...
According to the U.S. Energy Information Administration (EIA), "Electricity prices generally reflect the cost to build, finance, maintain, and operate power plants and the electricity grid." Where pricing forecasting is the method by which a generator, a utility company, or a large industrial consumer can predict the wholesale prices of ...
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(The Center Square) – A record-setting rate hike request by an Illinois gas utility is being challenged by consumer advocacy groups. Nicor Gas has filed a $309 million rate hike proposal with ...
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