New Illinois company hopes to offer cheaper power
New Illinois Cooperative Energy, or NICE, was developed by Illinoisans upset with electric rate increases since last year. It's led by Greenville-based Southwestern Electric Cooperative.
NICE hopes to get a large enough pool of customers to let the co-op negotiate attractive power-purchase prices.
The venture would draw lower rates by buying electricity more often and timing the market to catch lower prices.
NICE customers would still will get their power from Ameren, the distributing company, over Ameren's lines.
At least 7,000 customers must sign up in Ameren's service territory before the program may start.
Related News
New York State to investigate sites for offshore wind projects
NEW YORK - The New York State Energy Research and Development Authority (NYSERDA) is investing up to $5.5 million for the collection of geophysical and geotechnical data to determine future offshore wind development sites.
The funding is to look at seabed soil and geological data for the preliminary design and installation requirements for future offshore wind projects. Its part of N.Y. Gov. Andrew Cuomos plan to develop 9,000 megawatts of offshore wind energy by 2035.
Todays announcement is another step in Governor Cuomos steadfast march to achieving 9,000 megawatts of offshore wind by 2035, putting New York in a clear national leadership…
