O’Fallon’s Electrical Aggregation Rate Opt-Out Letters Mailed Soon
O’Fallon, Illinois – The City of O’Fallon selected Collinsville-based Homefield Energy as the low bidder after a competitive bid with three of the country’s leading alternative retail electric suppliers for the local electricity aggregation program. Homefield Energy will deliver electricity at stable, fixed rates for 24 months beginning December 1, 2020. The new rate will be 0.0439. Ameren’s non-summer rate (October 1, 2020 – May 31, 2020) will be 0.04546 and is higher than the new electrical aggregation price.
“As we work to be good custodians of your tax dollars, we are always looking for how we can save you dollars,” stated Mayor Herb Roach. “It is especially important in difficult times such as these.”
O’Fallon residents will soon receive a letter from Homefield Energy informing them of the program and the new rate. Should a resident not want to participate in the program, they will need to return the yellow card, and they will not be enrolled. If they do not return the card, the resident will automatically be enrolled.
“Since this program’s inception in 2013, it has saved our residents a considerable amount of money at a time when many were struggling financially,” said Mayor Herb Roach. “Ever since I sponsored this concept in 2012, I also believed that residents should have a choice if they want to participate in the program.”
In our community’s aggregation program, residents are not required to sign a contract and will not be contacted by a salesperson. If you are approached by an electric marketer, please be aware that it is not part of O’Fallon’s electrical aggregation program.
Customers that choose to opt out of the aggregation program are subject to a contract lock period and the utility will not allow you to re-join the O’Fallon Municipal Aggregation Program for 12-months.
More than 100 communities in Central and Southern Illinois recently participated in a series of bids from the country’s leading competitive suppliers in June. The consortium-style buying group aggregates their residential and small business electricity loads in order to achieve volume purchasing leverage. The result is the lowest aggregated electric rate in six years. Market-based rates have dropped nearly 40% since the market peaked in 2018 and locking in prices with a competitive supplier guarantees rate stability for a period beyond the utility’s comparable prices.
If you are a new residential electric customer, or uncertain if you are enrolled in O’Fallon’s aggregation program, please contact Homefield Energy at 866.694.1262.
For more information about the electrical aggregation program contact Sandy Evans, O’Fallon Director of Finance, at 618-624-4500 Ext. 8723 or at [email protected].
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If you would like more information about this topic, please contact Sandy Evans at 618-624-4500 x 8723 or email at [email protected].