City Of Alton Notified Ameren Illinois Has Established New Residential Electric Rate For Customers
ALTON - The City of Alton was recently notified by Good Energy, Alton’s consultant, that Ameren Illinois has established its new residential electric rate for city customers, which took effect June 1st. The new Ameren BGS1 Residential rate is $0.08162, compared to the City’s Program base rate of $0.1220. City residents should know that the newly filed rate can return to an upward swing anytime during that period. City officials said their goal was to give Alton residents an alternative to Ameren's utility rates. The previous program period, which ended in December 2022, secured fixed base rates of $0.0429 for nearly 8 months while Ameren's rates were peaking at well over $0.12 cents, saving the residents over $0.08 cents per kilowatt hour used. The average user was saving $65 per month during that time and many larger users were saving more. The new rates are lower than Alton’s current municipal electrical aggregation contract with Constellation New Energy which i
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