PriceCap offers both certainty and flexibility. Your company is protected in the event natural gas prices rise with a guaranteed maximum price per therm and also has 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 maximum 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 more per therm than the guaranteed maximum price. If it is lower, you pay the lower amount! You never pay more than the guaranteed maximum price, no matter how high natural gas prices may go. The plan also includes a monthly administrative fee.
By choosing the PriceCap plan, you’ll be enrolling your company in the Choice program if you are not already with a Choice supplier. Illinois Energy will supply your company’s gas, and the gas utility will continue to deliver your company’s gas, read your company’s 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 higher than traditional utility service at any time during the term of your agreement.