Ameren Illinois electric rates will decrease in 2017 - KFVS12 News & Weather Cape Girardeau, Carbondale, Poplar Bluff

Ameren Illinois electric rates will decrease in 2017

(Source: Ameren Illinois) (Source: Ameren Illinois)
(KFVS) -

Beginning in January 2017, Ameren Illinois customers will pay less for electric service delivery under a plan approved on December 6 by the Illinois Commerce Commission.

The $14,488 million decrease in delivery service rates is the fourth such rate decrease since the landmark smart grid bill was passed in 2011. For a typical residential customer using 10,000 kwh of electricity, it will mean saving approximately $1.37 on a monthly bill.

"There are two pieces of good news for customers," said Craig Nelson, senior vice president, Regulatory Affairs and Financial Services for Ameren Illinois. "First, Ameren Illinois customers, whose electric rates are already well below the national average, will continue to receive a good value for the service they're being provided. Second, the Commission's order validates that our 10-year plan to modernize the state's energy grid is being implemented responsibly and in a cost-effective manner."

Ameren Illinois plans to continue to make significant investments in electric system improvements in 2017.

Projects will include the installation of storm-resilient utility poles along with technology and upgraded distribution equipment designed to detect and reduce the frequency of power outages. To date, these upgrades have resulted in an overall 17 percent increase in reliability and saved customers an estimated $47 million each year.

Customers are also benefiting from advanced meters. These meters are two-way devices that will provide customers with enhanced energy usage data and access to tools and programs to help them use less energy.

"Since the innovative smart grid plan went into effect, it's evident the program is surpassing expectations--customers are saving energy and money, and our investments in the system are resulting in an enhanced and more reliable electric grid," Nelson said. "The energy legislation that passed last week will continue the progress that has been made in Illinois in building a world-class energy infrastructure for the future."

To learn more about Ameren Illinois' electric and gas modernization programs, visit AmerenIllinois.com/focus, facebook.com/AmerenIllinois, and Twitter @AmerenIllinois.

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