At the April 9, 2013, consolidated election, the following public question was on the ballot:
Shall the City of Bloomington have the authority to arrange for the supply of electricity for its residential and small commercial retail customers who have not opted out of such a program?
By a vote of 53.73% to 46.27% the measure passed and the City Council became the governing authority of the City’s energy aggregation group (i.e., all City residences in the Ameren service territory and all businesses in the city service area using less than 15,000 kilowatt hours (kWh) of electricity per year. Members of the Corn Belt Energy cooperative are excluded.
Energy aggregation allows Bloomington to get a bulk price, through the bidding process, and can provide rate stability.
The current supplier is Mid-American Energy. The rate through the June 2020 meter read is 5.07 cents per kilowatt hour. Homefield Energy will be the new supplier after the June meter read with a rate of 4.33 cents per kilowatt hour through June 2022. A small portion of this cost is used to purchase Renewable Energy Credits, which gives financial incentives to companies that produce renewable energy such as solar and wind power.