Deadline to Opt-out Nears

Residents of Edwardsville approved a referendum on November 6 which allowed city officials to aggregate their energy as a way to obtain cheaper energy rates. With the approval of the city council, Good Energy was contracted to help the officials. Good Energy is an experienced municipal energy consulting firm that works with many Illinois municipalities. Among the terms of their contract is a clause that all residents must be given the option to opt out once the final contract is signed by the wholesale provider.

And the time to opt out is here. Edwardsville and other municipalities began receiving bids from energy suppliers on December 11. The winning bid came from Homefield Energy. They offered a17 month, 100 percent green energy contract. Good Energy CEO Maximilian Hoover was pleased at this offering, stating that he was proud to be able to help so many residents save money every month. Should any not want to be a part of the aggregation, and thus not receive the lower rates being offered, then they need to fill out and return the opt out card which was sent out.

For the rest who do plan to take advantage of the rates and remain in the aggregation, there is nothing they need to do. The way aggregation works is that residents are automatically opted in. For the residents who do remain a part of the aggregation, not much besides the size of their bills will change. Bob Mill of Ameren said, “Your relationship with Ameren Illinois will not change under this option. When there is a power outage, our crews have no idea where you are buying your power supply from. They don’t care. Our job is to get the lines restored.”

For more information on municipal aggregation, click here. For the full article, see below.