Archive for the 'Economics' Category

Point of View: We Need a Rate Freeze Now

Electricity

I was mystified by the huge increase in our ComEd January bill — an increase of 62% in the unit cost per kilowatt-hour. Ten years ago, we all agreed to a rate freeze with the caveat that rates eventually would be based on competition after that time, but we were also told that deregulation would benefit us. We were told deregulation would mean lower rates for us as consumers of electricity and would improve our country's competitiveness. But has it?
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