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Village Approves One-Year Contract for Electric Aggregation

Village Approves One-Year Contract for Electric Aggregation

December 19th, 2017 @ 10:35am

In 2015, the Village of Fisher entered into a two-year agreement with Homefield Energy as the retail electric supplier for residential and small business customers in the Village.  With the current agreement set to expire in February, the Village has again solicited competitive bids from electric suppliers to determine whether we would be able to secure more favorable rates for our residents.  Following this process, the Village has again entered into a one-year agreement with Homefield Energy as our electric aggregation supplier for the term of February 2018 to February 2019.  The guaranteed rate for the new term is $0.05046 per kWh.

Customers will be receiving letters from Homefield Energy informing them of the new program and their ability to opt out.  If you want to participate in the new program with the guaranteed rate, no action is required on your part and you will be automatically enrolled.  If, however, you would prefer to opt out, you will need to complete the enclosed yellow post card and return to Homefield no later than January 5, 2018.  You may also opt out by calling Homefield at (866) 694-1262.  There are no enrollment, switching or early termination fees.

Municipal aggregation is a program that allows communities to negotiate the purchase price of electricity on behalf of residents and small business utility customers within their boundaries.  Although a supplier other than the normal utility company (Ameren) may be selected, Ameren continues to be responsible for delivering electric services to all customers and billing.  Therefore, customers who participate in the aggregation program will still receive one monthly bill from Ameren, and automatic payments or budget billing arrangements will not be affected. 

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