Oblong Chooses Homefield Energy

When residents of the Village of Oblong voted yes on an electric aggregation referendum in November, they did not know who would win the bid to supply their electric. Customers can finally choose whether or not they want to remain in the aggregation and take advantage of the services and cheaper rates now that the Village of Oblong has chosen Homefield Energy.

In November, when the municipalities whose residents voted to aggregate banded together, they hired Good Energy, an electric aggregation consulting firm, to guide them. Good Energy will now begin to send opt out notices in the mail since an electric provider has been chosen. Residents who wish to remain in the program do not need to do anything, they are automatically opted in. Should any residents want to continue to use Ameren as their supplier, they have to mail back the opt out notice.

All 55 municipalities in southern and central Illinois who joined the recent aggregation run by Good Energy have agreed to use Homefield as their electric supplier. Homefield Energy is a subsidiary of Ameren Energy Marketing, the parent company for current electric provider Ameren.

Savings will vary for each customer based upon each individual usage pattern. The projected average savings on 800 kilowatt hours per month for a residential customer will be roughly 24 percent. The new contract is effective in January and those who do not opt out before then will begin to receive their electricity from Homefield. A second opt out notification will be sent out by Homefield Energy before they begin servicing clients in Oblong.

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

Source: Oblong Gem