CHICAGO (AP) -- The Illinois Commerce Commission says its decision to hold the state's first-ever public energy auction will benefit consumers.
The auction ran September Fifth through the Eighth.
It kicks off the state's first electricity rate hike in more than a decade.
The new rates will go into effect in January, and they'll be announced this evening, along with the auction's winning bidder.
Experts have predicted that electricity bills for Com-Ed and Ameren customers could climb at least 20 percent after a ten-year freeze on electricity rates expires.
Com-Ed serves three-point-seven (M) million customers across northern Illinois, while Ameren serves one-point-two million customers in southern and central Illinois.