Ameren Electric Rate Hike Shows Value Of Electric Aggregation Program

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As expected, Ameren Illinois’ electricity rates increased sharply from current levels.

New supply rates for residential customers will jump to more than 5.9 cents per kilowatt-hour for the summer period June – September. In October, rates will move to nearly 6.2 cents per kilowatt-hour. Small business account rates are even higher at 6.8 cents for the summer months and more than seven cents for non-summer months.

Participants in the City of Greenville’s aggregation program will maintain the 5.669 cents per kilowatt-hour rate already in place.

The City of Greenville entered in to a three-year supply agreement with Homefield Energy to provide an opportunity for residents and small businesses to protect themselves against price volatility.

Eligible residents and small businesses not currently participating in the program may join at no cost. To determine eligibility and enroll, call 866-694-1262.