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AG: "Almost Nobody" Saves On Retail Supply Contracts
April 24,2019 In remarks concerning his announcements urging the passage of a bill (SB0651) that would impose numerous new restrictions in the retail energy market, Illinois Attorney General Kwame Raoul said that high priced retail energy supply contracts "disproportionately affect" African-American and Latino communities in Chicago, Capitol News Illinois reports, via the Herald & Review "When these ARES enroll low-income consumers, state dollars are utilized to pad these suppliers’ profits," Raoul stated Raoul pointed out that the Chicago Housing Authority has prohibited retail suppliers from soliciting on CHA property. Raoul stated that "almost nobody" saves money under retail energy supply contracts Over the last four years, consumers enrolled with alternative retail electric suppliers have paid over $600 million more in electricity costs than consumers who stayed with their public utility, Raoul stated "We’ve heard from consumers all over the state who have been trapped in bad supply contracts," Raoul stated. As previously reported, SB0651 would: • Generally ban retail supplier service to assistance program customers, except when savings are guaranteed or under municipal aggregation • Require affirmative consent for renewals • Require suppliers to report all rates to Attorney General • Require written notice of rate change • Require disclosure of 12 months of PTCs in marketing • Require utility supply rate on supplier bills See more on the specific provisions of SB0651 here See more on the AG's remarks at the Herald & Review
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