Champaign County Residents Lock in 25-30% Savings

Unincorporated Champaign County residents came out ahead as another successful contract negotiation comes to an end. Homefield Energy has won a 17 month contract to act as the electricity supplier to upwards of 15,000 households in Champaign County. This contract guarantees residents a 3.9999 cents per kilowatt rate for electricity. Other rates secured recently via electricity aggregation were: 4.15 in Champaign and 4.055 in Urbana. Ameren Illinois has a current rate of 5.6 cents per kilowatt.

This contract locks in a savings of approximately $20 per customer every month. Homefield has also agreed that, should Ameren’s delivery rate fall to less than this contract’s agreed upon rate, they will “price match” the rate offered by Ameren. Should this clause be exercised, Homefield will either match the rate offered by Ameren or send the customers back to Ameren. This clause gives peace of mind to residents who are hesitant to lock into a17 month term. “These are really low rates,” according to Deb Busey, Champagne County Administrator.

These rates are so low, in fact, that municipal aggregation consulting firm Good Energy expects an average of 25-30% savings per month per customer. These unbelievable rates are a “testimonial to buying in bulk,” declared Charles de Casteja, the managing partner at Good Energy.

Included within the rate is an option for 100 percent renewable electricity production. By including this option, the energy Champaign County residents use will either come from renewable energy sources like wind turbines, or will be paid for with renewable energy certificates purchased from “green” energy generators. This option was voted on by residents, and they agreed that they wanted to pursue green options.

If you would like more information about Municipal Electric Aggregation, click here. For the full article, see below.

Source: The News-Gazette