PriceCap offers both certainty and flexibility. Your company is protected in the event natural gas prices rise with a guaranteed maximum price per therm and also has the flexibility of paying a lower price per therm on the plan* if market prices decrease.
With PriceCap, your price per therm is capped at the guaranteed maximum price, unless natural gas prices on the plan* go down, in which case you will pay the lower rate. Each month, the price per therm is based on a published natural gas market price, plus a set amount per therm. If that price is higher than your guaranteed maximum price, you pay the guaranteed maximum price. If it is lower, you pay the lower amount! You never pay more per therm than the guaranteed maximum price, no matter how high natural gas prices may go. The plan also includes a monthly administrative fee.
By choosing the PriceCap plan, you’ll be enrolling your company in the Choice program if you are not already with a Choice supplier. Nicor Advanced Energy will supply your company’s gas, and the gas utility will continue to deliver your company’s gas, read your company’s meter, and respond to any gas leaks. Click here to view our terms in the Nicor Gas territory. Click here to view our terms in the Peoples Gas & North Shore Gas territories.
* Natural Gas Intelligence (NGI) first-of-month Bidweek Survey Chicago Citygate price plus a fixed cents-per-therm charge.
Please note: Our name will be changing to Illinois Energy, USA, LLC on November 1, 2017.
Nicor Advanced Energy's price may be lower or higher than traditional utility service at any time during the term of your agreement.