Electric supply rates decrease, Ameren Illinois tells customers

Electric supply rates for residential customers who receive electricity from Ameren Illinois are 5 percent lower than last year, the company said in a statement Wednesday morning.

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 percent 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.

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

PHOTO: Ameren Illinois Chairman and President Richard Mark. File