In 1997, Illinois introduced a new retail electricity competition program, which is fully implemented by May 2002. Business electricity consumers were first given the opportunity to choose their electricity retailers, and with more electricity retailers entering Illinois electricity market every year, price of electricity was expected to be more competitive. Electricity rate reductions as high as 15 percent are achieved for Illinois residential electricity consumers in 1998. Illinois electricity sales are often more affordable when electricity retailers buy bulk electricity from major electricity generation companies, and pass on the savings to electricity consumers
For business electricity, some energy management consulting companies such as Good Energy Consulting, have entered electricity market in every state since 1997, to help businesses
analyze and manage their electricity usage, and purchase the most cost- effective electricity for businesses.
With a free and no- obligation electricity analysis, Good Energy Consulting is able to identify the electricity or natural gas needs of Illinois businesses, and reduce overall electricity costs.