Many Ameren Illinois customers will pay less for electricity beginning June 1 as a result of a reduction in the wholesale price of electricity.
It is estimated the new rates for electricity – shown as the “Electric Supply” charge on bills – will mean a typical residential customer who uses 10,000 kilowatt-hours (kWh) of electricity annually will save approximately $107 per year. Electricity usage is measured in kilowatt-hours.
“This is very good news for all of our customers,” said Ameren Illinois President & CEO Richard J. Mark. “Those who purchase their electricity through a retail electric supplier as well as those who get their electric supply from Ameren Illinois are benefitting from lower electric supply costs.”
Under state law, Ameren Illinois customers and those of other investor-owned utilities may choose their supplier of electricity. Ameren Illinois residential customer options include retail electric suppliers, hourly pricing through Power Smart Pricing and the Ameren Illinois Basic Generation Supply (BGS). Where approved, customers also may participate in a local government electricity supply aggregation program.
The Ameren Illinois BGS is obtained as follows: The Illinois Power Agency (IPA) procures the electricity through a competitive process on behalf Ameren Illinois. This process operates under Illinois Commerce Commission (ICC) oversight. BGS electricity is sold to customers without any markup in price. About two-thirds of a typical residential customer’s bill is the actual cost of electricity and transmission charges.
Ameren Illinois customers can gain greater control over their energy costs by taking advantages of the advice, rebates and incentives available through the Ameren Illinois ActOnEnergy® initiative (ActOnEnergy.com).
ActOnEnergy offers a wide range of incentives and rebates to residential customers, including rebates of up to $600 for a new high-efficiency central home cooling unit. For more information on residential programs, visit ActOnEnergy.com, call 1-866-838-6918 or send an email to: ActOnEnergyResidential@ameren.com.
There also are special energy efficiency incentive programs for business customers. Complete business program information is available at ActOnEnergy.com, by calling 1-866-800-0747 or by sending an e-mail to ActOnEnergyBusiness@ameren.com.
Ameren Illinois delivers energy to 1.2 million electric and 806,000 natural gas customers in downstate Illinois, and our mission is to meet their energy needs in a safe, reliable, efficient and environmentally responsible manner. Our service area covers more than 1,200 communities and 43,700 square miles. For more information, visit AmerenIllinois.com.
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