It hasn't happened for 10 years, but now, the cost of electricity could be taking more of your hard earned money.
A 25 percent rate increase is expected to take affect January 1st. The Citizens Utility Board, or CUB, says that ComEd has a monopoly on services for residential customers, and that the rate increase is illegal.
Ten years ago, when prices were frozen, the local cost of energy was the highest in the Midwest. According to CUB, the statewide utility watchdog, despite the freeze, ComEd and its parent company Exelon are already raking in the cash.
The citizens’ utility board is not only challenging the rate hike in court, they are also urging our government to extend the current rate freeze for another three years.
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