East Peoria's Electrical Aggregation Program
The City’s electric aggregation program has been extended through December 2020 with a fixed rate of $0.05757 per kilowatt-hour thruogh the June 2019 meter read date, and $0.05653 per kilowatt-hour from the June 2019 meter read date through the December 2020 meter read date. Homefield Energy will continue to be the program's electricity supplier. The power East Peoria is purchasing is green energy provided by Illinois wind.
In East Peoria’s aggregation program residents are not required to sign a contract at all, and will not be called or visited by a salesperson.
Residents can be confused by the actions of marketers, who typically present savings compared to the Ameren Illinois rates. The City’s program is protected from market volatility, and the price is guaranteed for three years. Further, the City program’s rates do not have variable, hidden or “pass through” charges.
Electric marketers approaching residents are not part of East Peoria’s aggregation program. Residents should be certain to review all contract terms, ask about additional charges and not feel pressured to take action right away. If approached by a door-to-door salesperson, residents should ask to see their City of East Peoria solicitors certificate.
Those who are new residential electric customers or uncertain if they are enrolled in the community aggregation program should contact East Peoria’s supplier, Homefield Energy, at 866-694-1262 or via email.
Electrical Aggregation Details
In 2012, the City retained Good Energy to implement a municipal energy aggregation program allowing municipalities to combine electricity usage with other cities and towns in the same utility service region. This program does not involve any door-to-door solicitation. Residents are automatically enrolled and may opt out.
As of January 2018, the municipal energy aggregation program has saved East Peoria residents and small business owners $2.5 million. The program ensures that electricity is supplied by Homefield Energy, and a guaranteed low rate is locked in through December 2020.
Ameren Illinois' default rates for residential and small commercial customers already reflect the volatility in market prices. Ameren's current residential supply cost is 6.77 cents per kilowatt-hour. The rate for small businesses is approximately 7.3 cents. Future Ameren electric supply rates are unknown.
For more information about the program, call Robert Cole at 309-698-4715.