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Village Renews Power Aggregation Contract for Residents of Atwood

One goal of the Village of Atwood Board of Trustees is to provide options for our residents due to continued rise in electric supply rates. To help achieve this goal, the Village has renewed our municipal electricity aggregation program with a new supplier, Energy harbor.

To help provide a better understanding, the “supply rate” is for the actual cost of the power to each home. When you pay Ameren for the supply rates, those amounts are passed on to the supplier that Ameren purchases the power from. The “delivery rate” on each bill is for costs that Ameren retains to deliver the power to your home. This Aggregation Program deals with the “Supply Rate” for the actual cost of the power. If residents elect to participate in this program, they will receive an Ameren bill that will show Ameren’s Delivery Charge and Ameren’s Supply Charges”.

The Village, through their energy consultant Good Energy LP, has secured a fixed rate of $0.1210 cents for a 22-month term starting in February, which compares to the current Ameren rate of $0.1220. In June of 2023, both Ameren’s Supply Charges or Energy Harbor’s Supply period. The Energy Consultant from Good Energy (who brokers energy on behalf of those participating in the Aggregation program, speculates that the Supply Charges for Ameren may go up or remain the same and that the Supply Charges for Energy Harbor may reduce.

If residents or small businesses desire to remain on Ameren supply Rates, they can simply opt-out of the aggregation program. If residents decide to opt-out of the program and return to the Ameren, they will be forced to stay with the Ameren for a minimum of 1 year.

Over the next 60 days each household will receive a notice from Ameren stating their accounts will return to the Ameren rates, but only for 2 billing cycles. Shortly thereafter, residents will receive the opt-out letter from the new supplier Energy Harbor. If residents and small businesses wish to continue participating in the aggregate program, they simply do nothing. They automatically are enrolled when the program restarts with February’s billing cycle. Lastly, Ameren will send a third letter stating you have chosen Energy Harbor and residents and small businesses have 10 days to opt-out. Unless account holders opt-out of the program they are automatically enrolled.

Good Energy, L.P., is the largest municipal aggregation consultant in the US, whose headquarters are in New York, and have regional offices in Peoria and Edwardville, IL.
Questions or concerns about the municipal aggregation program can be addressed via email at gecsi@goodenergy.com or by phone at 844-686-4244.

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