STAMFORD, Conn.Direct Energy Services, LLC, one of the largest non-utility retail providers in North America, recently announced it is selling new electricity plans for commercial and industrial customers in Illinois as these businesses face up to a 30 percent spike in Commonwealth Edisons electricity rates beginning Jan. 2, 2007. As Illinois businesses increasingly explore alternative plans from competitive energy suppliers, these proprietary plans from Direct Energy allow companies to lock into a fixed price and protect against future price increases for the length of the contract.
With Commonwealth Edisons electricity rates scheduled to rise in January and the current price of energy at a recent low, Illinois businesses are closely reviewing plans from competitive suppliers, said Bob Porter, Direct Energy vice president. We expect that moving forward, the majority of eligible businesses in Commonwealth Edisons service territory will contract with a competitive supplier for their electricity because of possible savings and cost certainty.
Direct Energy offers many Illinois businesses electricity and natural gas plans that provide price certainty, competitive rates and customized solutions to mitigate risk. The company has developed these plans based on its unique experience serving millions of business and residential customers throughout the United States and Canada.
We are seeing tremendous interest in our new fixed-price and hybrid electricity plans from Illinois businesses and are making the necessary investments to better serve this growing energy market, said Porter. Our Select Advantage product is especially appealing to customers because it allows businesses to lock a portion of their load at a fixed rate tailored to their usage patterns while the remainder continues at market prices.
Direct Energy also increased its presence in the state by recently opening a new regional office in Oak Brook, Ill., and expanding its energy account manager team to help meet demand and better serve existing customers. The company first entered Illinois in early 2005 and now provides natural gas and electricity products to more than 2,000 businesses in the state.
Illinois businesses can learn more about Direct Energys products at www.directenergy.com or by calling (866) 336-6483.
From the Oct. 25-31, 2006, issue