City clarifies electric supplier
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[August 29, 2014]
LINCOLN - Lincoln residents who
participated in the City’s electric aggregation program have begun
to receive information from Ameren and from the aggregation program
supplier, Integrys Energy Services, informing them that the electric
supply contract negotiated two years ago is coming to an end. The
contract that was signed in 2012 was for 24 months and will expire
with the September 2014 meter reading.
The City’s electric aggregation consultant has been assessing the
market for electricity rates throughout the summer months. For each
month since June, the Ameren default rate has been anywhere from
28.9% to 50.8% less than the best rate available through the market.
As a result, both the City’s electric aggregation consultant and
Integrys have recommended that participants in the aggregation
program revert back to the Ameren default rate. Because the Ameren
default rate (called “Basic Generation Service”) is presently lower
than any rate available through the market, it is in everyone’s best
interest to switch back. No action is
required, no cost will be incurred by any resident, and Integrys
will seamlessly transition participants back to the Ameren rate.
The City and the other communities who participate in the Central
Illinois Consortium for electric aggregation will continue to
monitor market rates for electricity. The Consortium can revisit
pricing in 2015 when the new Ameren rates are known.
[Text received; MAYOR KEITH SNYDER,
CITY OF LINCOLN]