Consumer Watch: Gas deregulation’s high price Posted on March 26th
When Illinois officially deregulated natural gas markets in 2002, state legislators predicted that competition would reduce home heating bills.
The exact opposite has occurred, critics say, which is one reason legislation to reform the marketplace for home heat is pending in Springfield.
If you receive a phone call or letter offering the chance to lock in gas prices and suggesting savings, here is what you need to know:
•Homeowners are almost always better off with their local utility than contracting with another supplier, including affiliates of the local utility, according to the Citizens Utility Board. CUB said 91 percent of the supplier plans it has analyzed are bad for consumers.
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