Ameren Illinois lowers electric supply rates by 5 percent

Residential customers of Ameren Illinois are currently experiencing electric supply rates 5 percent lower than last year’s, saving them an average of around $22.

That applies to what Ameren defines as its typical residential customers — those using 10,000 kilowatt-hours (kWh) per year. The reduction stems from a decrease in the price of electricity purchased competitively. In turn, Ameren passed its supply savings onto customers, listed among Basic Generation Services on energy bills.

“This is good news for customers who opt to have Ameren Illinois provide their electric supply service,” Richard Mark, chairman and president of Ameren Illinois said. “Coupled with expected lower energy delivery bills, overall monthly electric rates are about 20 percent below the national average.”

Ameren Illinois supports around 1.2 million electric customers and 816,000 natural gas customers. Its residential customers also have the option to draw from third party retail electric suppliers.

Building on the lowered costs, however, Ameren Illinois has also urged customers to look into its Energy Efficiency programs, which provide additional financial incentives to qualifying customers for reducing their energy consumption.