Lower Wholesale Electricity Costs Add Up to Savings For Ameren Illinois Utilities Customers
09 May 2009 - 1:57AM
PR Newswire (US)
Reduced Rates Take Effect in June PEORIA, Ill., May 8
/PRNewswire-FirstCall/ -- Ameren Illinois Utilities customers will
pay less for electricity beginning June 1 as a result of a sharp
decline in the wholesale price of electricity due to the reduced
demand for all forms of energy. It is estimated the new rates for
electricity - shown as the "Electric Supply" charge on bills - will
mean a typical residential customer who uses 10,000 kilowatt-hours
(kWh) of electricity a year will save approximately $100.00, or
about 8 percent on the total annual electric bill. Electricity
usage is measured in kilowatt-hours. "This welcome news of relief
comes as we enter the cooling season, a time when most customers
are using more electricity than at other times of the year," said
Stan Ogden, Ameren Illinois Utilities vice president of Customer
Service and Public Relations. Ogden noted individual customer
electric usage determines the actual amount of individual
residential bills. You are encouraged to learn more about using
less energy to spend less at ActOnEnergy.com and to adopt proven
energy conservation practices that will help reduce bills without
sacrificing personal comfort. A 2007 state law created the Illinois
Power Agency (IPA) to procure electricity through a competitive
process on behalf of all Illinois investor-owned utilities,
including the Ameren Illinois Utilities. This new process operates
under the oversight of the Illinois Commerce Commission (ICC). The
law which created the IPA was created through negotiations led by
the Illinois Attorney General's office and included the state
legislature and the investor-owned utilities. Through the IPA
procurement process, the Ameren Illinois Utilities have contracted
for an amount of electricity that represents approximately
one-third of its total needs for the next 12 months. Electricity
supply contracts run for three years and about one-third of the
total supply is procured annually to minimize the impact of
possible wholesale price volatility. The wholesale price of
electricity is not regulated, but is based on market conditions
caused by supply and demand. The Ameren Illinois Utilities pass the
cost of electricity on to customers without any markup in price
through the Electric Supply charge. About two-thirds of a typical
residential customer's bill is the actual cost of electricity.
"Though the cost of electricity has fallen, the need for greater
energy efficiency is as strong as ever. Through our Act On Energy
initiative (ActOnEnergy.com), you will learn how to spend less by
using less electricity and natural gas," Ogden said. At
ActOnEnergy.com, you can access the Energy Toolkit that allows you
to view personalized billing information for the current period and
even for the past 24 months. You can see how your energy usage
stacks up against that of others and whether your energy usage is
above or below the average of all customers; learn where your
energy dollars go (heating, cooling, cooking, water heating, etc.),
and receive advice on how to reduce your energy spending without
sacrificing comfort. Also, residential electricity customers can
visit the Act On Energy Web site to purchase high-efficiency
compact fluorescent lights (CFLs) online or at participating Home
Depot and Sam's Club stores at sharply discounted prices, discover
how to receive $35 for retiring an old refrigerator or freezer and
learn about other programs. There also are special energy
efficiency incentive programs for business customers. Customers who
are not Internet active still may take advantage of the Act On
Energy programs by calling the Ameren Illinois Utilities
(AmerenCIPS - 1-800-789-2477; AmerenCILCO - 1-888-672-5252;
AmerenIP - 1-800-755-5000). Electricity customers may still benefit
from two special programs. The first is the Bill Payment Assistance
Program which now provides energy assistance grants of up to $300
to low-income electric customers with household incomes of 150
percent to 200 percent of the energy assistance federal poverty
level. These grants are provided through the local community action
agencies that administer the Low Income Home Energy Assistance
Program (LIHEAP). The second program is the Hardship Assistance for
Residential Customers. The local community action agencies
distribute these program funds based on the hardship experienced by
customers with household incomes of up to 400 percent of the
federal poverty level. The agencies may award grants of up to $600
per household. Customers may call 1-877-411-9276 to obtain the name
and address of their local community action agency. Some customers
also may be eligible for assistance through LIHEAP, which is
administered by the local community action agencies. LIHEAP
provides energy services payment assistance to eligible low-income
households, elderly persons and people with disabilities. Grants
are based on the number of people in a household, total income and
the type of energy used. In addition, the Ameren Illinois Utilities
offer payment plans for customers who find it difficult to pay a
bill. To establish a payment plan or obtain other information, call
your Ameren Illinois Utility - AmerenCIPS: 1-888-789-2477;
AmerenCILCO: 1- 888-672-5252, and AmerenIP: 1-800-755-5000. The
Ameren Illinois Utilities (AmerenCIPS, AmerenCILCO, AmerenIP) have
been providing safe, reliable energy delivery service for more than
a century. The Ameren Illinois Utilities deliver energy to 1.2
million electric and 840,000 natural gas customers in more than
1,200 communities within a 43,700-square-mile service territory,
while helping you spend less by using less through our
ActOnEnergy.com initiative. DATASOURCE: Ameren Illinois Utilities
CONTACT: Neal Johnson, +1-309-677-5284, or Victoria Busch,
+1-618-346-1286, both of Ameren Illinois Utilities Web Site:
http://www.ameren.com/
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