Good Energy in the News: Urbana Sets Contract with Electric Supplier Through Aggregation

The select Urbana residents who chose not to participate in the municipal energy aggregation program, which was arranged by Good Energy, will still have a chance to sign up for the lower energy rate. Fifty counties and municipalities across Illinois came together and decided to buy energy in bulk from an independent energy supply company. Residents who initially opted-out of the program will still be able to go online, plug in information about their energy usage habits, and see how much they would save if they had decided to participate. Ameren charges 6.3 cents per kilowatt hour for energy supply, and the new rate offered by Homefield Energy is just above 4 cents per kilowatt hour, meaning Urbana residents will see savings of 35 percent for energy supply.

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Good Energy in the News: Ameren customers can soon buy power from...Ameren?

In a recent bulk buy of energy in Illinois, Homefield Energy won a two-year contract to supply energy to Illinois residents of more than four dozen municipalities and counties. The electricity contract provides for energy supply at a greatly reduced price vs. the tariff rate. Here's a twist: Ameren Corporation owns both Ameren Illinois, which historically provided energy to all of Illinois, and also Homefield Energy, the new energy supply company that won the contract. Homefield was one of five independent energy supply companies that submitted bids to Illinois residents, who were then able to buy their energy supply in bulk from a company other than Ameren Illinois. As a result of this new contract, many residents are no longer buying from Ameren Illinois, but their money still flows into Ameren Corporation. In the end, what matters most is that residents will still see a nearly 35 percent reduction in energy supply costs.

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Good Energy in the News: Ameren's Homefield Energy wins opt out aggregation bid

Homefield Energy has won a two-year contract with Illinois residents, pursuant to which Homefield will supply energy at a fixed low cost. Through the middle of May 2012, residents of Illinois still had the opportunity to "opt-out," meaning their business would stay with Ameren Illinois, instead of transferring to Homefield Energy. The difference between the two companies is only the cost per kilowatt hour of energy consumed. Good Energy traveled around the state speaking at public meetings and answering questions and concerns about municipal aggregation. Their goal was to make the public's transition to Homefield Energy, a subsidiary of Ameren Corporation, which also owns Ameren Illinois, as easy as possible.

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Good Energy in the News: Aurora Approves Plan for Electricity Aggregation

The Daily Herald explains how the Aurora, IL City Council approved the plan for electricity aggregation. The City Council was guided by Good Energy, and its decision paves the way for residents to save money on their electricity supply costs.

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EPA Green Power Partnership Program will see changes in 2011

The EPA Green Power Partnership Program which recognizes businesses, corporations schools and institutions for their commitment to the development of renewable technologies will modify their minimum requirements to participate in the program. Consumers of electricity that purchase Green Power through the use of RECs, Renewable Energy Certificates, will have to increase the percentage of their purchase to meet the new levels. The two levels of recognition are the Partnership Club and the Leadership Club. Below is a table outlining the changes come 2011.

If you have any questions about the EPA Green Power Program contact the Good Energy information line at 866-955-2677 x103.

Five Pitfalls a Commercial Energy User Should Avoid when Making an Energy Procurement Decision

Deregulation of electricity supply began in the late 1990's with Pennsylvania and California becoming two of the first states to offer commercial energy consumers the ability to choose an alternate electric supplier. Since then there have been 16 more states added to the mix that provide an "Electric Choice" program that let competitive suppliers offer alternative rates and energy products to rate payers. Competitive offerings have changed dramatically since the early years of deregulation and commercial customers need to be aware of the pitfalls associated with choosing a supplier and signing an electricity supply contract. The two most common products are fixed rate and variable rate contracts. A fixed rate contract includes a locked-in price per kilowatt-hour for a definitive period: usually a 1 to 3 year term. A variable rate contract allows the energy supply rate to float with the sometimes-volatile wholesale spot market. The wholesale market from which the ultimate rate paid by the customer is derived varies by geographic region. In New York for example, the New York System Operator, ("NYISO"), manages markets including the Day Ahead Market and the Real-Time Market, and in Texas the Electric Reliability Council of Texas, ("ERCOT") manages the Market Clearing Price of Energy, "MCPE") market. This article examines five critical pitfalls commercial energy users may face when choosing an electric supplier and offers suggestions of how to avoid them.

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Con Edisons New Reactive Power Charge

Con Edison and other NY energy delivery companies recently began sending out letters to energy users describing the implementation schedule of the new reactive power charge. Beginning in October 2010, customers with monthly demand higher than 1,000 kW and power factor lower than 95% will see a reactive power charge on their bills. Beginning in October 2011, the charge will apply to customers with monthly demand higher than 500 kW. Correcting power factor by installing capacitors will result in the elimination of this charge.

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Good Energy Supplies Green Power to Schools

Good Energy is pleased to announce that it has supplied green power to four of the twenty largest K-12 purchasers of renewable energy in the United States, according to EPA. See the list of top twenty green schools here.

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About Good Energy
Good Energy launched a business to bring a simple concept to the marketplace... savings via lower electricity costs and superior efficiency lighting solutions. A smarter way to buy power and to use power. With ever changing technologies and product offerings Good Energy has provided new efficiency applications to the market and has pioneered a community centric buying approach that has achieved hundreds of millions of dollars in savings to the residential and commercial segment.

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