FT. LAUDERDALE, Fla., March 26, 2012 /PRNewswire/ -- Liberty Power, one of the nation's fastest growing and largest independent energy retailers, today announced a new offer to Illinois residents to reduce their home electricity rates up to 25 percent compared to current rates, saving $200 annually*.
Liberty Power's 12-month fixed-rate offer to new residential customers in the ComEd service territory represents the lowest available price on retail electricity supply for similar products*. By enrolling now, residents can lock in a rate of 5.83 cents per kilowatt-hour for one full year. The published rate is valid for contract agreements executed through March 30, 2012. After this date, Liberty Power will publish a new low-rate based on updated market conditions.
"Liberty Power first began serving Illinois businesses in 2007 and officially launched our Illinois residential efforts last October as we aim to offer low-cost electricity and exceptional customer service to all types of customers. We are delighted to provide customers budget certainty while also reducing their electricity supply costs by up to 25 percent," said Leah Lopez, Executive Vice President.
In addition to offering a low price, Liberty Power will provide customers with a 10-day customers' satisfaction guarantee, providing customers with a 10 calendar-day right of rescission that allows them to cancel without penalty. Currently, Illinois regulations only require a three day right of rescission on internet and door-to-door sales.
"Our current offer is one of the lowest-priced products available today. We are standing behind our product by providing customers additional piece of mind, giving them ample time to shop around before making a commitment," added Lopez.
Residents who choose Liberty Power as their retail electricity supplier will continue to receive one bill and the same level of service from their local utility, ComEd, who will still deliver the electricity, maintain the pole and wires, and respond to power outages. There is no sign-up fee, and there will be no interruption in electricity service. Liberty Power also offers competitive rates for commercial accounts. Customers may call 855-376-9371 to sign up by phone.
About Liberty Power
Headquartered in Fort Lauderdale, Florida, Liberty Power is one of only five national retail electric providers licensed in 16 or more states and is the first certified, minority-owned, independent retail electric provider with a national presence. Currently serving over 100,000 accounts, Liberty Power provides large and small businesses, government agencies, as well as residential customers, with low-cost electricity and exceptional customer service.
For more information on Liberty Power, please visit www.libertypowercorp.com
* COMED'S RATES ARE SUBJECT TO CHANGE AND, THEREFORE, WE CANNOT GUARANTEE SAVINGS OVER THE FULL TERM OF OUR PRICE PLANS. The published price is available to new Liberty Power customers only. Liberty Power's offer is the lowest 12-month fixed-rate offer without restrictions on method of enrollment (Liberty Power's offer is not limited to internet enrollments only). Claim is based on offers posted to the Plug In Illinois® website – the Official Electric Choice Website of the Illinois Commerce Commission – at the time of the press release. Liberty Power's prices do not include any taxes, utility distribution charges or other utility fees, charges or credits. In ComEd's service territory, estimated savings are based on ComEd's current Price to Compare (PTC) for BES residential (non-electric space heating) rate of 7.733 cents per kWh in effect until May 31, 2012, which includes an Electricity Supply Charge of 6.968 cents and a Transmission Services Charge of 0.765 cents. Annual savings assumes a customer utilizes 10,500 kilowatt-hours annually. Annual savings may vary by account and usage. ComEd also invoices its customers for Purchased Electricity Adjustment (PEA), which may be a charge or a credit, and is not included in ComEd's PTC. Customers on ComEd's BES residential (electric space heating) rate will not save.
Liberty Power is a registered trademark of Liberty Power Corp. LLC encompassing Liberty Power Holdings LLC, Liberty Power Delaware LLC, Liberty Power Maryland LLC, Liberty Power District of Columbia LLC, and LPT LLC, dba LPT SP LLC. Liberty Power is certified and licensed by the Public Utilities/Service Commissions of: CA, CT, DC, DE, IL, ME, MD (IR793), MA (CS-057) MI, NJ (ESL-0001), NY, OH, PA, RI, TX (10118) and VA; as well as the Federal Energy Regulatory Commission.
SOURCE Liberty Power