Ameren Utility Illinois Electric Supply Cost for small business 0.153 kWh
For home electric rates Illinois Ameren is 11.5 cents/kWh from October 1, 2022 – May 31, 2023
“The primary reason you will see an increase in your monthly bill is because of the increase in the electric supply costs, which are collected on your utility bill and paid directly to power generators,” the utility wrote to customers. “Ameren Illinois does not profit from these charges.”
Jim Blessing, the vice president of regulatory policy and energy supply, told lawmakers this hike was caused by inflation, the Russian war in Ukraine, and coal plants closing.
Experts from MISO Energy say there is a gap between when fossil fuel facilities close and when there is enough replacement capacity online to power communities.
“We’re seeing a lot more retirements coming quicker, for whatever reason, than we’re seeing generation be able to get online,” said Melissa Seymour, vice president of external affairs for MISO. “The gap could be filled with numerous things. It could be filled with wind and solar. It could be filled with hydrogen in the future.”