ComEd Feeling Heat From New Competitors
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CHICAGO (CBS) — ComEd is beginning to feel the heat from new competitors.
As WBBM Newsradio 780’s Regine Schlesinger reports, more Chicago-area consumers are switching to other providers for their electricity.
LISTEN: Newsradio 780’s Regine Schlesinger reports
Some 10 companies are now challenging ComEd’s monopoly on residential electric services in the area. All are relatively unknown, out-of-state companies.
But now, ComEd is expected to get competition from a more familiar name. Nicor Electric is entering the market later this month, Crain’s Chicago Business reported.
Nicor Electric is a subsidiary of natural gas provider Nicor, which has 2 million customers in the Chicago suburbs.
A new report shows 83,000 consumers have switched from ComEd to other providers since competition began in earnest in the beginning of this year, the Chicago Sun-Times reported.
But that is still just a drop in the bucket – only 2 percent compared with ComEd’s nearly 3.5 million customers in northern Illinois.
ComEd is a subsidiary of Exelon Corp.