CUP: AMEREN ILLINOIS summer energy prices rose 120% on June 1 - PR Newswire

CUP: AMEREN ILLINOIS summer energy prices rose 120% on June 1 – PR Newswire

ChicagoAnd the June 1, 2022 /PRNewswire/ – As of June 1the price of electricity in Ameren Illinois will be more than 10 cents per kilowatt-hour (kWh), a 120 percent increase from last summer, the Citizens Utilities Board (CUB) said Wednesday.

According to the Illinois Commerce Commission (ICC), a summer Ameren’s “comparison price” — the price customers have to compare to alternative supplier offerings — from From June 1 to September 30 will be:

10,628 cents per kilowatt hour

NB: This rate includes the supply price, transportation charges and the supply cost adjustment. two things Don’t profit from the price of electricity – it transfers these costs to customers without a profit margin. The new non-summer promotion rate, which has not yet been announced, will come into effect October 1.

Ameren Illinois estimates that higher prices will cost customers on average $52 Extra month or more $620 In total billing higher through May 2023.

CUB, which has created a special online resource in CUBHelpCenter.comConcerned consumers are recommended to contact Ameren Illinois to see if they qualify for other energy aids; Explore payment plans offered by utilities to pay off debts; Learn about utility-saving energy efficiency programs. CUB said smart and safe efficiency measures at home could help mitigate high bills.

“This is going to be a tough summer for many Illinois consumers, and we owe it to them to work together — policymakers, utilities, advocates — to find comfort for people dealing with heat and high bills,” CUB Executive Director David Colata He said. “We are urging people to take safe and energy-efficient measures at home to stay calm and ease the pain of this price hike. We are also urging people to check in with their loved ones to ensure they are not taking any risks this summer. No one should ever have to worry that keeping their homes safe from the heat is Summer is expensive.”

The reason for the high prices is due to multiple problems affecting energy customers from coast to coast. Natural gas prices experience periodic increases, and this volatility has kept winter prices at their highest levels since the 2008-2009 winter. Russian invasion Ukraine Make a bad situation worse. Now, gas, which is often used to generate electricity, has pushed energy prices to extreme levels across the country.

CUB listed several key points for energy customers caught up in this expensive summer:

Stay connected with your utilities. Keep the lines of communication open this summer. Struggling consumers should contact their utilities to see if they qualify for other energy aid, inquire about debt repayment plans and learn about energy efficiency programs.

Beware of alternative supplier scams. Alternative electricity suppliers are affected by the same market conditions that cause utility prices to rise, so be careful about indulging in bad deals. Be wary of low introductory prices that will rise very quickly after a short period, and read the finer details for additional fees that can raise the cost of the plan. Since 2015, consumers have lost more than 1 billion dollars to alternative energy suppliers.

If your community has negotiated an energy deal with a supplier, the price will likely be lower than Ameren’s supply rate. Find out when the offer ends.

Energy efficiency can help mitigate price hikes. Energy efficiency is always important, and it is especially fundamental in times like these. Weather your windows and doors to keep cool air in and warm air outside. Set the thermostat to a safe level: 78 degrees when you’re awake and at home, and raise it a few degrees when you’re away or asleep. CUBHelpCenter.com He has more advice.

Ameren, policy makers and advocates must work together to provide comfort to Ameren’s customers. CUB called for…

  • Expanded energy assistance.
  • Expand Ameren’s money-saving efficiency and demand reduction programs, such as prime-time bonuses. These programs are often limited or closed to new participants.
  • Better payment plans to help more Ameren customers pay off their debts and stay connected.
  • CUB is Illinois Leading nonprofit utility monitoring group. Created by the Illinois Legislature, CUB opened its doors in 1984 to represent the interests of residential utility clients and small businesses. Since then, CUB has saved consumers more than 20 billion dollars By helping prevent price hikes and secure refunds. For more information, call CUB’s Consumer Hotline at 1-800-669-5556 or visit the award-winning CUB website, www.CitizensUtilityBoard.org.

SOURCE Citizens Utility Board

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