City of Wood River Renews Municipal Electricity Aggregation Program With New Supplier, Constellation NewEnergy
WOOD RIVER - The City of Wood River is pleased to announce they have renewed the municipal electricity aggregation program with a new supplier, Constellation NewEnergy. The City's primary goal is to protect residents from the continued rise in electric supply rates. Since June, the City's residents and small businesses participating in the municipal electricity aggregation program, have been receiving rates of $0.0429 cents versus the Ameren rate of $0.10628 cents. This equates to an average household savings of over $50 per month, with larger households saving considerably more. Ameren's current price to compare (PTC) as of October 1st, 2022, through May of 2023 is $0.12236 cents. The City along with their consultant Good Energy LP has secured a fixed rate of $0.1220 cents for a 22-month term starting in February, which is less than the current Utility PTC. Therefore, if the rate with Ameren continues to increase, the residents and small businesses in our community have the option
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