Peoples Gas always seeks
the best prices for natural gas. You pay only what
Peoples Gas pays, with no additional
But you don't have to buy natural gas from
Peoples Gas. You're free to enter
into your own agreement with an alternative natural gas supplier. Pricing and supply
contracts vary, and supplier rates are not regulated by the government, so
you'll want to look closely at suppliers' offers.
Most offers are priced per therm, a basic unit used to measure natural gas
use. You can find how many therms you typically use by looking on your monthly
gas bill or through the
My Account section.
Typically, supplier offers fall into the following categories (Please
remember, these categories only apply to the cost of gas and not
Peoples Gas' delivery charges):
- Fixed price: Under this agreement you pay the same price per
therm for natural gas each month, and your bill will vary only on the amount
of gas you use. If the market price of natural gas changes, it won't affect
the amount you pay per therm. This option is good for customers who prefer
- Fixed bill: Under this agreement, you pay the same amount every
month for a set period of time. If the market price of natural gas or the
amount of gas you use changes, it won't affect the amount you pay.
- Market-based or index price: Under these plans, you can expect
the price for natural gas to change each month. The supplier sets the
monthly price per therm based on the natural gas market.
- Variable price: Under this plan, the price may go up or down with
market trends. But instead of tying the price per therm to a market index,
the supplier will base it on something else, such as their average cost to
purchase natural gas.
- Combination packages: Because some Illinois customers can also
choose their electric suppliers, some natural gas suppliers offer packages
that include both gas and electric services.