ComEd rates to spike starting June 1st
ComEd customers will soon see a sharp increase in their bills.
The utility company will raise rates by 38 percent starting June 1st.
The Illinois Commerce Commission says the increase includes the cost of electricity, reservation fees and transmission costs.
Just last month, ComEd requested another $275 million rate increase to go into effect in January 2015. It would raise the average monthly bill from $68 to about $83.
Other providers’ rates are going up as well.
Experts say the best way to avoid the steep increases is through better energy efficiency.
Also, ComEd offers some savings plans and rebates that could save consumers money.