PriceCap offers both price certainty and flexibility. You are protected in the event natural gas prices rise with a guaranteed maximum price per therm and also have the flexibility of paying a lower price per therm if market prices on the plan* decrease.
With PriceCap, your price per therm is capped at the guaranteed price, unless natural gas prices on the plan* go down, in which case you will pay the lower rate for that month. Each month, the price per therm is based on a published natural gas market price, plus a set amount per therm. If that price is higher than your guaranteed maximum price, you pay the guaranteed maximum price. If it is lower, you pay the lower amount! You never pay more per therm for your natural gas than the guaranteed maximum price, no matter how high natural gas prices may go. The plan also includes a $1.99 monthly administrative fee.
By choosing the PriceCap plan, you’ll be enrolling in the Choice program if ou are not already with a Choice supplier. Illinois Energy will supply your gas, and the gas utility will continue to deliver your gas, read your meter, and respond to any gas leaks. Click here to view our terms.
* Natural Gas Intelligence(NGI) first-of-month Bidweek Survey Chicago Citygate price plus a fixed cents-per-therm charge.
Illinois Energy's price may be lower or higher than traditional utility service at any time during the term of your agreement.