We just signed up a church, auto mechanic shop, and a plastics manufacturer to new 36 month electric contracts that start later this fall once their current electric supply contracts end. The church is currently savings 17%, autobody shop 20%, and the plastics company 30% v. the current Comed electric supply rate.
All three customers still take advantage of the savings on their current contracts. With the new contracts coming on the heels of when the current contracts expire, the customers do not go in between contracts that can result in higher billing.
In addition, the rates they are locking up now for the fall should be well below where rates are headed.
We anticipate the Comed electric rate to jump 40% or more starting June 1, 2022.
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