Homefield Energy Will Continue to Serve As Electricity Supplier for Municipal Electric Aggregation Program in Village of Glen Carbon
Glen Carbon continues partnering with Homefield Energy to offer fixed electricity rates, aiming to shield residents from market price spikes.
GLEN CARBON - The Village of Glen Carbon is continuing a municipal electricity aggregation program with Homefield Energy. This program was previously approved by referendum by the voters in each of the 27 participating communities. The Village’s primary goal is to protect residents from the continued rise in electric supply rates and spikes in the energy market. Residents and businesses are able to opt-out of the program if desired.
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The new rate for the Village of Glen Carbon is $0.1309 per kWh and will be a fully fixed rate through May 2027, beginning this June.The current Homefield Energy rate is 0.1207 per kWh. Ameren’s rates are scheduled to change in June of this year, so Good Energy is recommending that residents wait until Ameren announces their PTC (price to compare) rate prior to making any decisions on opting out.
Account holders should keep in mind, if a participating account holder opts out of the Aggregation Program and returns to Ameren Basic Generation Service (BGS), they must select a new supplier within 60 days, or they will revert to Ameren default service for an additional 10 months or a total of one year. This is known as BGS Hold and is a Utility requirement not a Program requirement. Again, you may leave the aggregation program anytime you like. If the account holder desires to continue participating in the program, they need to do nothing with the opt-out notice and they will be automatically enrolled with the Homefield Aggregation Program.
If the account holder chooses not to participate in the program, there are several ways to do this. Simply return the posted paid opt-out reply form by mail, call the Supplier, Homefield Energy at (833) 200-9834, or go to the website as referenced in the letter (homefieldenergy.com/optout). If you have questions about the program, it’s important you do not call the Village of Glen Carbon. The Village cannot opt you out of the program. You may call Good Energy,the energy consultant that represents each of the communities,directly at (844) 686-4244 if you have problems opting out or have questions pertaining to the program. Please keep in mind if you have previously opted out of the program and you received an additional opt-out notice this period, you must opt-out again.
Unlike Ameren requirements, all qualifying participants are required to be notified prior to each rate or term change and given the opportunity to opt out of the program.
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