Ameren announces lower electric rates

The utility company Ameren Illinois has announced its customers will be paying less for electricity beginning in June.=

According to officials of the utility, the typical Ameren residential customer using 10,000 kilowatt-hours of electricity a year will save about $100, or 8 percent, on the price of electricity.

Ameren officials attributed the reduction to a decline in the wholesale cost of electricity due to reduced demand.

However, officials of the Citizens Utility Board say the drop in electric rates announced by Ameren and previously by ComEd was also due to a new power-purchasing system.

Through the Illinois Power Agency, power generators submit sealed bids to sell power in the state. Through the agency, a price for power is negotiated.

Related News

oil rig

Global oil demand to decline in 2020 as Coronavirus weighs heavily on markets

LONDON - Global oil demand is expected to decline in 2020 as the impact of the new coronavirus (COVID-19) spreads around the world, constricting travel and broader economic activity, according to the International Energy Agency’s latest oil market forecast.

The situation remains fluid, creating an extraordinary degree of uncertainty over what the full global impact of the virus will be. In the IEA’s central base case, demand this year drops for the first time since 2009 because of the deep contraction in oil consumption in China, and major disruptions to global travel and trade.

“The coronavirus crisis is affecting a wide range…

READ MORE
muskrat falls

Planning for our electricity future should be led by an independent body

READ MORE

portland general electric

Portland General Electric Program Will Transform Hundreds of Homes Into a Virtual Power Plant

READ MORE

california wild fire

California Utility Cuts Power to Massive Areas in Northern, Central California

READ MORE

power lines

Energy prices trigger EU inflation, poor worst hit

READ MORE