Ameren Illinois Comes Out With New Rate, Lower Than Aggregation Rate At This Time
GODFREY – The Village of Godfrey consultant - Good Energy - has informed the village that Ameren Illinois has established its new residential electric rate for customers in the Godfrey area and these rates should be released by June 1. Although the rate filings are not yet official, the preliminary rates for Ameren BGS-1 Residential, which would be from June 2023 – May 2024, are estimated to be $0.08450-$0.08650. However, residents need to also know the newly filed rate can return to an upward swing anytime during that period. These new rates are lower than Godfrey’s current municipal electrical aggregation contract with Constellation New Energy which is $0.1220. With the extreme volatility in the energy markets, in terms of both commodity and capacity, aggregation programs have deviated away from the primary goal of consistently saving the residents money to seeking the best available rates and allowing those rates to be insurance and protection during volatile
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