City of Lincoln enters into a new electric aggregation agreement

[March 28, 2018] 

LINCOLN

The city of Lincoln on Monday agreed to a contract for electrical aggregation with Nordic Energy Services. The rate received is going to be .04825 per kWh. Ameren's current default rate is $0.0617, so this will represent a savings of about $10 per month on the average household. The electric aggregation program is an "Opt Out" program, meaning that all Lincoln residents will be automatically enrolled unless they choose to opt out.

The city utilized Stone River Group with offices in Lincoln to negotiate the new contract. The new rates should take effect around the first of June. Stone River Group will be sending out notices over the next 60 days that will provide complete information about the new contract.

[Nila Smith]