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Constellation Energy Refreshes ComEd Pricing, Finds Half of Customers Unaware of Choice
June 20, 2011
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Constellation Energy has refreshed its pricing for residential electric products at Commonwealth Edison, and also released results of a poll showing nearly half of customers are unaware of choice.
Constellation is offering ComEd residential customers the following rates (in cents per kWh): All products include an early termination fee of $150 which is waived if the contract is cancelled within the first 90 days. In connection with its direct mail offers, Constellation is offering customers a dining rewards card issued by The Rewards Company. Kelton Research recently conducted a statewide poll of Illinois residents for Constellation which found that only 54% of residents are aware that they have a choice of which electricity provider to use. Additionally, the survey found that the majority of customers (57%) require savings in excess of 20% (on a total bill basis) to switch to a competitive supplier. Some 14% of customers are willing to switch for savings of under 20% on their bill, while another 16% said they would not have to save money in order to switch. Some 10% of respondents said they would not switch suppliers under any savings amount. When asked if they were likely to switch suppliers, 73% of respondents said they were likely to do so (30% extremely likely, 43% somewhat likely). Asked what would influence their decision to switch, respondents said: Cost Savings: 83% Reliability: 67% Ease of Transition: 55% Company Reputation: 41%
12 Months Fixed 10% Wind @ 6.99
24 Months Fixed 10% Wind @ 6.69
12 Months Fixed 50% Wind @ 7.19
24 Months Fixed 50% Wind @ 6.89
12 Months Fixed 100% Wind @ 7.49
24 Months Fixed 100% Wind @ 7.19
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