Infrastructure Project to Raise Illinois Electricity Rates

by Michelle on January 2, 2011

While Taylorville, Illinois residents may not see much of an increase in the electricity rates as a result of a planned infrastructure project public and private businesses are another story.

The project, which involves the construction of a clean coal plant to be built by a Nebraska company, will cost some electricity consumers in the state of Illinois $286 million dollars each year for the next 30 years.

Although there is a 2 percent annual rate increase cap for residential electricity consumers businesses, both public and private, will not enjoy such protection which is why it is important to start comparing the rates of multiple energy companies now by contacting Electric Rates at 1-800-971-4020.

  • The cost to the Chicago Public School districts alone will total at least $1 million per year for the 30 years.
  • The company responsible for the project claims that jobs, both temporary and permanent, will be created as a result of the clean coal project.
  • Estimating how many jobs will be lost due to the increase the cost of conducting normal business produces a number in upwards of 15,000.
  • Contingencies taking place during construction could lead to even more costs for businesses customers in the Chicago area.

While the development of a clean coal plant may be good news for the environment it is not such pleasant news right now for businesses in Chicago and other parts of Illinois.

Consumers are already paying enough for electricity and many can hardly afford such an increase in costs.

It is important to find ways to save on energy costs before the final decision regarding the project is made so that businesses in Chicago can reduce their total expenses.

Make the decision now to find a better electricity rate and let Electric Rates help you.

A quick phone call and they will be able to tell you exactly which company in the Chicago area is offering the lowest electricity rate.

Don’t waste your time calling the dozen plus energy companies in Illinois to find the lowest electricity rate when you can find out quickly and easily by calling Electric Rates.

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