For a number of years now, the City of Monmouth is part of an electrical aggregation market, which helps to reduce energy supply costs for residents and small businesses. Mayor Rod Davies explains:
“We are in a group of about 45 communities in the state of Illinois and we go together and we bid our energy use and needs through our group. It is an aggregation group and the City residents of Monmouth gave us the authority to do that some time ago. We were very effective again. We were in our aggregation group and three different bids came and actually they were all lower than our last bids. Our aggregation electric rate is lower than our last one was. It is several cents less than Ameren’s current rate. They are over twelve cents a kilowatt hour and we are under eleven cents a kilowatt hour, our new rate will be. It has been very successful and saved our residents.”
Currently, the retail electric supplier for the City of Monmouth aggregation program for residents is Homefield Energy. This next year it will be through Constellation.
