Illinois reached a noteworthy milestone recently when it surpassed one million residential customers receiving competitive electric supply from an alternate provider.
“It’s a fantastic growth story for the state,” AGR President Matt Judkin said. “It’s kind of like breaking into the big leagues. Only a handful of states have reached that kind of energy choice awareness and participation, and we’re proud to have played a role.”
Illinois joins states like Texas, Pennsylvania, New York and Ohio as the big hitters of energy deregulation. And it’s happened fast. According to a report by Plug-In Illinois, the number of residential customers taking competitive supply was less than 120,000 at the end September 2011. A year later, the number stands at 1.3 million.
Deregulation of the energy markets began with The Illinois Electric Service Customer Choice and Rate Relief Law of 1997. That legislation split the state’s two largest electric monopolies, Ameren and Commonwealth Edison, and allowed only commercial and industrial customers to choose a Retail Electric Supplier (RES). Currently, alternate providers provide about 75% of the electricity consumed by Illinois’ commercial and industrial customers.
Residential and small businesses were not allowed to choose an RES as part of the 1997 restructuring, but the Illinois Commerce Commission, which oversees public utilities, dropped the rates significantly and froze them for 10 years. Competition officially opened for those customers in 2002, but the rate caps made the market uncompetitive. By 2011, market factors finally made alternative offers attractive, and the switch rates have risen dramatically.
“AGR Group has been offering energy products on behalf of our clients for more than 10 years,” Judkin said. “We’ve seen competitive markets ebb and flow, and it’s always exciting to see them on the upswing.”
AGR Group provides the finest sales and customer support services in the retail energy industry. If you are a competitive energy supplier looking to grow your customer base through energy telemarketing, door-to-door energy sales or lead generation, contact us for a consultation.