The City of Columbia is pleased to announce the continuation of the municipal electric aggregation program with a new supplier, Constellation NewEnergy. The primary goal of this initiative is to protect residents and small businesses from volatility in electric supply rates.
Since June 2019, City residents and small businesses have been charged a stable, fixed rate of 4.39¢ per kilowatt hour (kWh). During this same timeframe, the Ameren Illinois rate has changed 12 times, fluctuating from a low of 4.396¢/kWh to a high of 12.236¢/kWh (the current Ameren Illinois rate). Unfortunately, the City’s current agreement with Homefield Energy expires with the January 2023 reading. The City’s buying group (comprised of other municipalities from Southwestern Illinois, including Belleville, O’Fallon, Edwardsville, Troy, Glen Carbon, and several others across central and southern Illinois) has secured a fixed rate contract with Constellation NewEnergy for a 22-month term beginning February 2023 through December 2024. The new rate has been set at 12.10¢/kWh.
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