Ameren announces lower electric rates
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
New Jersey, New York suspending utility shut-offs amid coronavirus pandemic
NEW JERSEY - New Jersey and New York utilities will keep the power, heat and water on for all customers in response to the coronavirus emergency, both states announced Friday.
Major utilities have agreed to suspend utility shut-offs, a particular concern for people who may be out of work and cannot afford to pay their bills.
“No utility can turn off service … if a person cannot pay their bill as a result of responding to this virus situation,” said New York Gov. Andrew Cuomo during a press conference Friday.
Utilities in New York have voluntarily agreed to this measure, according to the…
