The price consumers pay for electricity in Illinois is likely to rise sharply on January 1, 2007. For nine years, Illinois consumers have enjoyed a rate freeze as deregulation has been slowly phased in. A Dutch auction on Tuesday, September 5, will allow providers to bid on supplying electricity, with the low bid winning. The Illinois Commerce Commission approved the controversial bidding and approval system in January. Governor Blagojevich, among many others, has spoken out against the process. According the the St. Louis Post-Dispatch, rates for some consumers could rise as much as 20% to 50%.
Chicago Sun-Times
St. Louis Post-Dispatch
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