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

britain coal

Britain Goes Full Week Without Coal Power

LONDON - For the first time in a century, Britain weaned itself off of coal consumption for an entire week.

Reuters reported that Britain went seven days without relying on any power generated by coal-powered stations.

The accomplishment is symbolic of a shift to more clean energy sources; Britain was home to the first coal-powered plant back in the 1880s.

Today, Britain has some aggressive plans in place to completely eliminate its coal power generation permanently by 2025. In addition, Britain aims to cut its total greenhouse gas emissions by 80 percent from 1990 levels within the next 30 years.

Natural gas was the…

READ MORE
ferguson fire

Sens. Wyden, Merkley Introduce Bill to Ensure More Wildfire Resilient Power Grid

READ MORE

wind power

Feds "changing goalposts" with 2035 net-zero electricity grid target: Sask. premier

READ MORE

tunisia renewables

Tunisia invests in major wind farm as part of longterm renewable energy plan

READ MORE

Germany turns its back on nuclear for good despite Europe's energy crisis

READ MORE