COLLINSVILLE, IL (October 30, 2019) – Electric supply rates for residential customers who receive electricity from Ameren Illinois are 5% lower than last year. A typical residential customer who uses 10,000 kilowatt-hours (kWh) of electricity per year will see annualized savings of approximately $22.
"This is good news for customers who opt to have Ameren Illinois provide their electric supply service," said Richard Mark, chairman and president, Ameren Illinois. "Coupled with expected lower energy delivery bills, overall monthly electric rates are about 20% below the national average."
The reduction is due to a decrease in the price of wholesale electricity which is purchased for Ameren Illinois customers through a competitive procurement. Supply costs are passed along to customers on a dollar-for-dollar basis with no mark-up or profit. The new lower rate, effective in October, is listed as the "Basic Generation Services" charge on energy bills. Residential customers also have the option to obtain their electricity supply from a third party retail electric supplier (RES).
Even with the lower supply costs, Mark encourages customers to utilize Ameren Illinois' Energy Efficiency programs to further lower their bills and support a cleaner, healthier environment. Financial incentives are provided to qualifying customers for assistance in reducing energy consumption. For details, call Ameren Illinois at 866-836-6918 or visit amerenillinoissavings.com
About Ameren Illinois
Ameren Illinois delivers energy to 1.2 million electric and 816,000 natural gas customers in Illinois. Our mission is to power the quality of life. Our service territory covers more than 1,200 communities and 43,700 square miles. For more information, visit AmerenIllinois.com, find us on Twitter @AmerenIllinois or Facebook.