CHICAGO, March 19, 2012 /PRNewswire/ — Illinois consumers have a unique opportunity to enhance their energy efficiency and reduce their monthly home electric supply rate by taking advantage of a pilot program pioneered by Best Buy and Constellation Energy at Best Buy's Bucktown, Chicago store.
Constellation Energy, an Exelon company and a longtime energy supplier to thousands of Illinois businesses and more recently residential consumers, has teamed up with Best Buy to make it easier for consumers to conveniently shop for low-cost energy rates while searching for energy-efficient products.
"We're thrilled with the response from Chicagoland residents who have already taken advantage of one-stop shopping to lower their monthly electric supply rate with Constellation and buy energy-efficient products from experienced Best Buy representatives," said Michael Wajsgras, vice president of new business channel development for Constellation.
"This pilot program with Best Buy combines Constellation's trusted brand among Illinois businesses with the growing demand by residential consumers for competitively priced home energy," said Wajsgras.
Interest in shopping for electricity has increased dramatically among Illinois residents since late 2010 when the Illinois Commerce Commission authorized a new billing system that enables competitive suppliers to easily offer residents the benefits of competitive energy market prices.
More than 316,000 Illinois residents have chosen new home electricity suppliers in the past year. Constellation Energy offers Best Buy customers in the Chicago area savings up to 18 percent off ComEd's current rate and up to 22 percent off current rates in the Ameren service territories. More information is available at www.constellation.com/BestBuy. Customers who enroll also may be eligible to receive up to a $50 Best Buy gift card, and those who refer a friend may be eligible to receive an additional $25 Constellation Visa® Prepaid Card.
Constellation Energy is a leading competitive supplier of power, natural gas and energy products and services for homes and businesses across the continental United States.
Ameren's and ComEd's rates are subject to change and, therefore, we cannot guarantee savings over the full term of our price plans. Constellation's prices do not include any taxes, utility distribution charges or other utility fees, charges or credits. In ComEd's service territory, estimated savings are based on ComEd's current Price to Compare (PTC) for BES residential (non-electric space heating) rate of 7.733 cents per kWh in effect Oct. 1, 2011 – May 31, 2012, which includes an Electricity Supply Charge of 6.968 cents and a Transmission Services Charge of 0.765 cents. ComEd also invoices its customers for Purchased Electricity Adjustment (PEA), which may be a charge or a credit, and is not included in ComEd's PTC. Customers on ComEd's BES residential (electric space heating) rate will not save. In Ameren's service territory, estimated savings are based on Ameren's current BGS residential (non-electric space heating) rate of 6.685 cents per kWh in effect Oct. 1, 2011 – May 31, 2012 for Ameren Rate Zone I. Actual savings will depend on the Ameren rate zone in which customer resides, as shown on customer's Ameren invoice. Customers on Ameren's BGS residential (electric space heating) rate will not save. For additional information on our price comparison, visit home.constellation.com. Cards are issued by Citibank, N.A. pursuant to a license from Visa U.S.A. Inc. and managed by Citi® Prepaid Services. Cards will not have cash access and can be used everywhere Visa debit cards are accepted.
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Exelon Corporation (NYSE:EXC) is the nation's leading competitive energy provider, with approximately $33 billion in annual revenues. Headquartered in Chicago, Exelon has operations and business activities in 47 states, the District of Columbia and Canada. Exelon is the largest competitive U.S. power generator, with approximately 35,000 megawatts of owned capacity comprising one of the nation's cleanest and lowest-cost power generation fleets. The company's Constellation business unit provides energy products and services to approximately 100,000 business and public sector customers and approximately 1 million residential customers. Exelon's utilities deliver electricity and natural gas to approximately 6.6 million customers in central Maryland (BGE), northern Illinois (ComEd) and southeastern Pennsylvania (PECO). Learn more at: www.exeloncorp.com.