Quincy’s electric aggregation program on pause for a year
QUINCY (WGEM) - City leaders in Quincy are suspending the electric aggregation program because of surging energy prices.
The program, approved by voters in November 2012, allows the city to look for energy deals on behalf of voters, with the goal of getting a lower rate.
Mayor Mike Troup said the city’s current electric aggregation rate is about five cents a kilowatt hour, but that contract ends in March.
He said recent bids for a new contract have exceeded seven cents per kilowatt hour.
That’s why he said the city is choosing to go with Ameren, which is expected to have a rate somewhere in the five-cent range.
“There’s not a savings. So it would do a disservice to the residents to stay on that program versus going to the least cost provider, which will be Ameren for the time being,” Mayor Troup said.
The electric aggregation program will be suspended for a year.
Illinois law allows customers to opt out and choose their own supplier before May. Those who don’t choose a new supplier will have to remain with Ameren for a year.
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