Nicor Electric...anyone make the switch?

[cyruson]

Got a letter today about Nicor Electric saying you can get electricity for a fixed price of $5.99/kWh, which is below ComEd's rate of 8.32/kWh. There are no initial fees or early termination fees so it seems like a good deal.

www.nicorelectric.com

Has anyone out there made the switch? if not, any other input or info?

 

[Joe5688]

I just got it also but always weary about switching companies.

 

[ccthao]

I"m paying 12.35 cents per kWh up here in Wisconsin.

 

[yogoshio]

Do it. I'm in IN but know a lot who made the switch. You literally just get a different bill. Nothing else happens.

 

[power boat jim]

Got a letter today about Nicor Electric saying you can get electricity for a fixed price of $5.99/kWh, which is below ComEd's rate of 8.32/kWh. There are no initial fees or early termination fees so it seems like a good deal.

www.nicorelectric.com

Has anyone out there made the switch? if not, any other input or info?

I believe its 5.99 CENTS per KWh. If its not I see no point in switching.

 

[cet98]

these are promotional prices that end at a specific date...what will the prices be after the promo ends?...

After the Initial Term, you will be charged a market-based price that may remain the same or may vary for any given month or period of months. Your market-based price will be based on the forward three month average PJM NiHub price plus an adder not to exceed $0.07 per kWh. Alternatively, and in our sole discretion, at the conclusion of the Initial Term or any subsequent term, unless you provide notice of your intent not to renew this Agreement at least thirty (30) days prior to the expiration of the then current term, this Agreement will automatically renew on a fixed price basis for a term of more than one (1) month pursuant to the terms disclosed in a notice of contract renewal that will be sent at least 30 but no more than 60 days prior to the end of the Initial Term or any subsequent term.

 

[reefervinny]

Im paying about .11c KWh in Florida. Sounds like a good deal to me except for how long will that price stick before they jack it up.

 

[rich130981]

I switched and nothing changed but my bill is lower.

 

[harry r]

the best deal is to go to https://www.comed.com/customer-serv...l-time-pricing/pages/program-information.aspx. it used to be called www.thewattspot.com. its comeds real time pricing. i did it over two years ago and save about 25-30% without doing a change and all that contract bs. the only catch is you need to stick with it for a year, after that you can change back if you want. but who would if you are saving money without taking a chance on another company. do some googling and you will see changing can have issues depending on who you change too. its been in the news too lately.

fyi, real time pricing is just that, you pay for the power you use on that hour and what it costs in that hour. the best savings are on non peak times. but overall you will save without having to take a chance.

its free and they do it all.

check it out. no hassle and no issues. the best thing (for me) is that if you have an issue, you only need to talk to one company. no worries about one pointing the finger at the other when an issue arrises.

pm me if you want more info.

 

[skunkmere]

i switched to the rtp on comed and i calculated 9cents per kwh. i had 1039 kwh last month.

 

[harry r]

i think we need to be careful on how its calculated, before or after the taxes. i think skunk is doing it after all taxes and charges are added and the other one is before the charges. of the people i know who have switched and the guy trying to sell it to me (cannot remember his company name) as soon as i said i was with real time pricing, he confessed he could not do better. that tells me its at least competetive.

so what ever you do, which ever way you just make sure you get all the facts and the charges in the near term and after their promo expires. oh and with comed, you can create an account on line, watch your past charges, compare and contrast old versus new system and look at what the predicted rates will be in the coming hours so you can also adjust your usages if you want, such as running dishwashers and laundry on off peak hours. what i really like is i dont turn down my heat (gas and electric blower) in the winter and turn up the ac in the summer because on the off peak times during the night its the cheapest. when you look at the predicted and actual costs (after the fact) you can see how cheap night time rates are. i have seen them as low as 1 cent per kwh. so why scrimp overnight...

anyways, hate to sound like a comed commercial, but check it out for your selves. like i said, i have been on it since december 2009 and have saved a lot of money with no effort.

 

[DragonWarriorPo]

I have friends comaining of paying more after switching. Be careful.

 

[tangstank]

I'm with Harry on this, I switched to RTP a year ago & the savings have been amazing. I used to average a bill of $185 / Month (Average for the year). Now with RTP I average $133 / Month.
Things we changed were, running the washer & dryer on a delay to start during off peak hours & that is it.
I have to warn though, during last summer, I did see some peak KWH going up to 30c KWH. Just before the peak hour, we programmed our thermostat to cool a couple of Deg more, & maintained the right temperature with AC off / minimal during peak hours.