- Published: Sunday, 04 November 2012 15:35
- Written by Good Energy
In March 2012, more than 50 Illinois communities passed an energy aggregation referendum which would allowed them the chance to negotiate their own energy supply rate. The lowest current bid on electricity is 4.50 cents per kWh, about half a cent higher than it was earlier this year. However, residents will still save considerably by switching, because Ameren Illinois' rate is just over 6 cents per kWh currently. Once a community accepts an energy company's bid, that price rate is locked in for two years. This can either be a good thing or a bad thing. When Ameren's contract ends in January 2013, the company could enter the competitive market with much lower rates. On the flip side, the two-year contract also ensures that energy rates stay low in the event of an unexpected spike in prices. Of the 160 communities with energy aggregation referendums on Tuesday's ballot, Good Energy, a New York-based energy consulting company, represents 62.
Source: Opt out latecomers to pay more [Washington Times Reporter]
Posted By Good Energy