What is the difference between fixed and variable rate plans?
A fixed rate plan provides you with stability and peace of mind. Utility rates are variable rates that can change periodically. A fixed rate product may be higher or lower than utility rates, but, unlike utility rates, a fixed rate product will not change during the life of your contract. You are protected against unexpected and costly price increases and have greater control over the cost of your energy.
A variable rate plan allows you to purchase energy at market-based prices that change from month to month. While a variable rate is subject to monthly price increases or decreases, it may help you realize the lowest possible cost in the market. However, it also exposes you to possible price increases, and, unlike a fixed rate, a variable rate does not protect you against price volatility. This may be higher or lower than the utility rate.
Illinois Variable Rates
Click the buttons below (Illinois Electricity Variable Rates and Illinois Historical Variable Rates) to view the applicable variable rate on your bill. The variable rate on your bill will be the effective rate at the time during which your meter is read. Rates listed are dependent upon your rate class and are subject to change on a monthly basis.