ELECTRICITY PRICING UPDATE IN ILLINOIS - AMEREN
Spiking prices and supply shortages have roiled Illinois electricity markets, causing significant price increases in both utility and alternative supplier charges.
Energy markets have experienced a significant price spike through the Winter & Spring; these skyrocketing prices are reflected in Ameren’s recently announced utility rates for residential and small business customers.
The annual average for Ameren’s small commercial rates is 13.329 cents per kwh.
The new utility supply rates for commercial customers break down like this (cents per kilowatt-hour):
June – September 2022:
- Energy & Capacity = 10.508
- Transmission = 1.578
- Supply costs = 0.134
- TOTAL SUMMER = 12.220
October 2022-May 2023:
- Energy & Capacity = 12.269
- Transmission = 1.578
- Supply costs = 0.134
- TOTAL NON-SUMMER = 13.981
This calculation is based upon an average small business (DS-2) account’s usage profile. Ameren may update rates based upon new purchases of energy or increasing costs of transmission, for example, during the rate year.
For comparison’s sake looking at last year’s price to compare (PTC) vs. this year’s PTC.
- 2021-2022 DS-2 avg rate = 5.78 cents
- 2022-2023 DS-2 avg rate = 13.329 cents
This represents an increase of approximately 130%.
