Ameren announces lower electric rates

subscribe

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

Pennsylvania Clean Energy Employment Report

Clean energy jobs energize Pennsylvania: Clean Energy Employment Report

PITTSBURGH - The 2020 Pennsylvania Clean Energy Employment Report has been released, and Gov. Tom Wolf is energized by it.

This "comes at an opportune time, as government and industry leaders look to strengthen Pennsylvania's workforce and economy in response to the challenges of the COVID-19 pandemic," Wolf said Monday in a prepared statement. "This detailed analysis of data and trends in clean energy employment ... demonstrates the sector was a top job generator statewide, and shows which industries were hiring and looking for trained workers."

Foremost among the findings, released Monday, is that the clean energy sector was responsible for adding…

READ MORE

What can we expect from clean hydrogen in Canada

READ MORE

Jessica McDonald bc hydro ex-president

Former B.C. Hydro CEO earns half a million without working a single day

READ MORE

uk windpower

How offshore wind energy is powering up the UK

READ MORE

wind power

Renewable energy now cheapest option for new electricity in most of the world: Report

READ MORE