East Peoria’s Electrical Aggregation Program
After a competitive selection process, the City of East Peoria has selected Illinois Power Marketing Company d/b/a Homefield Energy as our supplier for our Electrical Municipal Aggregation Program through June 2022. That means the City of East Peoria negotiated a price-protected electricity rate on behalf of our residents and small business owners who will not have to worry about fluctuating rates. You will automatically be enrolled in the program as a City of East Peoria resident or small business owner. There is no switching or early termination fees.
Electrical Aggregation Details
In 2012, the City retained Good Energy to implement a municipal electrical aggregation program allowing municipalities to combine electricity usage with other cities and towns in the same utility service region. This program does not involve any door-to-door solicitation. Residents are automatically enrolled and may opt out.
HERE'S WHAT TO EXPECT
The program is simple:
You'll receive a competitive, fixed rate starting December 2020 of $0.04385 per kWh guaranteed until June 2022. The current Fixed rate is $0.05653 per kWh and will expire in November 2020.
Your current billing method will not change. You will continue to receive one monthly bill from Ameren, your local utility. You will notice the line item under the supply portion will list Homefield Energy along with this negotiated rate on your bill following successful enrollment in the program.
In East Peoria’s aggregation program residents are not required to sign a contract at all, and will not be called or visited by a salesperson.
Residents can be confused by the actions of marketers, who typically present savings compared to the Ameren Illinois rates. The City’s program is protected from market volatility, and the price is guaranteed for 18 months. Further, the City program’s rates do not have variable, hidden or “pass through” charges.
Electric marketers approaching residents are not part of East Peoria’s aggregation program. Residents should be certain to review all contract terms, ask about additional charges and not feel pressured to take action right away. Please do not provide any sensitive information such as your current Ameren Illinois account number. If approached by a door-to-door salesperson, residents should ask to see their City of East Peoria solicitors certificate.
Those who are new residential electric customers or uncertain if they are enrolled in the community aggregation program should contact East Peoria’s supplier, Homefield Energy, at 866-694-1262 or by email at HomefieldCustCare@VistraCorp.com. As of January 2020, the municipal electrical aggregation program has saved East Peoria residents and small business owners $4.5 million. The program ensures that electricity is supplied by Homefield Energy, and a guaranteed low rate is locked in through June 2022.
Ameren Illinois’ default rates for residential and small commercial customers already reflect the volatility in market prices. Ameren’s current residential supply cost is 4.542 cents per kilowatt-hour. The rate for small businesses is approximately 5.1 cents per kilowatt-hour . As of June 1, 2021 future Ameren electric supply rates are unknown.
For more information about the program, call Robert Cole at 309-698-4715.