Ameren Illinois says that for the second consecutive year, typical residential customers will be seeing an electric rate decrease.
Under the plan approved Wednesday (December 6th, 2017) by the Illinois Commerce Commission, the typical residential customer will save about $1.70 a month on their electric bill – starting next month.
‘’We made a commitment to our customers and state regulators to build a stronger and more reliable electric distribution system and keep rates stable,’’ said Richard Mark. He is the chairman and president of Ameren Illinois. ‘’The plan approved today demonstrates that prudent cost management and solid project execution can help our customers save,’’ he added.
The announcement marks the second consecutive and fifth overall rate decrease since the landmark Energy Infrastructure Modernization Act – or Smart Grid Bill – was passed in 2011. Ameren says it is on pace to invest approximately $480-million dollars in its electric grid this year for the benefit of its customers. And Ameren adds the grid modernization initiatives over the last six years have resulted in an overall 17-percent increase in reliability and saved customers an estimated $45-million dollars each year.
