Ameren Missouri requests $1M rate decrease
Ameren Missouri recently filed a request with the Missouri Public Service Commission (PSC) to decrease electric rates for all customers.
If approved, the typical residential customer would see a slight rate decrease on monthly bills, which would be the second decrease in electric rates since last summer.
The approximately $1 million decrease is in line with the company’s focus on keeping rates stable and predictable as part of its Smart Energy Plan. The company also plans to invest more than $5.3 billion investment in more than 2,000 electric projects over the next five years to improve the reliability of Missouri’s energy grid as well as $1 billion investment in wind energy.
“We are delivering on the promises in our Smart Energy Plan as we remain focused on improving reliability by investing in our system while keeping rates stable and predictable,” Michael Moehn, chairman and president of Ameren Missouri, said. “These investments are providing real value for our customers, creating an energy grid that is more reliable and more resilient to severe weather. These upgrades also allow for the integration of more solar and wind energy as we transition to cleaner energy.”
The rate review request also proposes new rate options, including a Smart Savers rate through which customers can save if they use energy during non-peak times, and a new EV Savers rate through which electric vehicle owners can save by charging their vehicles overnight. The request also proposes customer incentives for switching to paperless billing.
“We continue to offer new products and services for our customers, such as a recently launched mobile-friendly website, new proposed specialized rate options, and paperless billing incentives,” Tara Oglesby, vice president of customer experience at Ameren Missouri, said. “These new offerings, combined with the Smart Energy Plan and the largest energy efficiency plan in our company’s history, provide our customers with more ways to manage and reduce their energy usage for many years.”
If approved, customers could see rate adjustments in May 2020.
