Businesses in Illinois have saved $1.7 billion through energy policy deregulation and switching to a retail energy provider, according to a recent independent study by the Energy Research Consulting Group (ERCG).

The study examined Illinois businesses between 2011 and 2015 and found that those participating in Commercial Electric Choice programs had saved about $337 million annually during those years.

Utility rates were higher than market rates, but by being part of Commercial Electric Choice programs businesses were able to lock in lower rates. The Illinois Power Agency procures power for the major utilities in the state, and had set prices high, according to the ERCG study. However, Commercial Electric Choice programs allow businesses to work with energy consultants to negotiate better rates.  

Good Energy has been helping Illinois businesses save money on their electricity. For example, Good Energy works with Jones Lang Lasalle, a large property management firm, to create property aggregation programs. Good Energy negotiated a price well below utility tariff rates, providing considerable savings for the firm.

In addition to Illinois, the study found that Commercial Electric Choice programs have saved billions for other states, including:

California & Michigan, $3.3 billion
New England, $1.7 billion
Ohio, $3.5 billion
Pennsylvania, $3.4 billion

“Throughout the country, we’re seeing more and more businesses save money through Electric Choice programs,” says Javier Barrios, Managing Partner of Good Energy, an energy company, which provides consulting services to communities in New York, New Jersey, Massachusetts and several other states. “Over the years, we have been able to help businesses negotiate for lower prices, and we’re seeing the overall results and benefits of competitive energy markets now.”

 

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About Good Energy
Good Energy launched a business to bring a simple concept to the marketplace... savings via lower electricity costs and superior efficiency lighting solutions. A smarter way to buy power and to use power. With ever changing technologies and product offerings Good Energy has provided new efficiency applications to the market and has pioneered a community centric buying approach that has achieved hundreds of millions of dollars in savings to the residential and commercial segment.

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