New Residential Electric Rate For City of Wood River Set By Ameren Illinois
WOOD RIVER – Consultant Good Energy has informed the City Of Wood River that Ameren Illinois has established its new residential electric rate for customers in the Wood River 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. The City feels it's extremely important and the message is clear, we work hard to help the residents save money on their electric bills and do so in the safest way possible. The residents of Wood River have experienced huge savings while participating in the aggregation program. The City of Wood River goal was to give residents an alternative to Ameren's utility rates. The previous program period which ended in December 2022 secured fixed base rates of $0.0429
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