Ameren Illinois Customers Will See Savings From New Energy Law

SPRINGFIELD — Ameren Illinois customers are saving on their electric bill as a result of a new state law that went into effect on June 1. The Future Energy Jobs Act (FEJA), signed into law by Governor Bruce Rauner on December 7, 2016, is expected to reduce Ameren Illinois residential customers’ future bills by an average of $1.69 per month over 10 years. Under the new law, Ameren Illinois, a subsidiary of Ameren Corporation, expects to invest approximately $99 million in energy efficiency each year for the next four years. Over the past nine years, Ameren Illinois’ energy efficiency programs have helped residential and business customers reduce their energy consumption by 11.8 million megawatts, the equivalent of 1.2 million homes’ electricity use for one year. In addition to supporting new efficiency programs, FEJA will help keep two Exelon nuclear facilities in operation, preserve more than 4,000 jobs, and ensure the availability of lower-cost clean energy for consumers. It also significantly restructures the renewable portfolio standard mechanism, creating new opportunities for additional wind and solar resource development in Illinois. Ameren Illinois customers can expect to save more money on their electric bill in 2018. Under a separate proposal filed April 13 with the Illinois Commerce Commission, the company announced it plans to decrease its delivery service rates in 2018. An Ameren Illinois residential customer who uses an average 10,000 kWh of electricity per year would save approximately $1.70 per month. The Commission is expected to issue its final order in December.