After the record-breaking cold temperatures this winter, energy bills are already high. But the onset of spring may not bring much relief.
Crain's Chicago Business reported Monday that the city's new deal with Chicago-based Integrys Energy Services could increase electricity rates 14 to 18 percent in June. Integrys is the city's electric supplier and currently provides electricity for 720,000 Chicago households and small businesses.
Prior to 2013, the city used the energy supplier Commonwealth Edison. ComEd is predicted to raise electricity rates even higher than Integrys. The switch to Integrys is saving customers a little bit of money in the long run, but they are still spending more than in previous years.
The increase in rates differs depending on the type of residence. Multifamily buildings will see a 14-percent increase, and single-family homes will see an 18-percent increase.