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Suez pledges lower prices

Power companies operating in the US state of Illinois are preparing for the end of a nine-year electricity price freeze.

Illinois lawmakers approved a law to deregulate the market for electric power in 1997 and froze a 20% price reduction for seven years to assist residential customers. This ends on December 31, marking the beginning of a newly competitive landscape in the region.

Rates for residential and small business customers are set to rise by 22%, while commercial rates may spike by an