Published: Friday, 02 November 2012 15:36
Written by Good Energy
A watchdog group, called the Citizens Utility Board (CUB), has warned voters to consider possible reductions in Ameren Illinois's energy rate come January before voting "yes" on Tuesday's energy aggregation referendum. Ameren's contract--and thus fixed rate--will end in January 2013, at which point the company will be able to reset its rate. Because the current rate was set at a time when there was little to no competition in the market, the cost per kWh is markedly higher than the prices independent energy companies have been offering to Illinois communities which have passed municipal aggregation. CUB, the watchdog group, worries if Ameren offers a lower rate in January that residents would not be able to take advantage of it. But, Charles de Castega, Good Energy's managing partner, says that it's possible to negotiate a price-match clause into the new energy supplier's contract. If that happens, the supplier is required to match the most competitive price in the energy supply market.
Source: CUB urges voters to carefully weigh electrical aggregation vote [Herald & Review]
Posted By Good Energy