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Municipal Electric Aggregation

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Letters from Homefield Energy and the City were mailed to residents about the municipal electric aggregation program. Please pay particular attention to the opt-out instructions. The only change will be the supplier and cost of electricity.  Monthly invoices will still come from Ameren. If residents do not wish to participate in the program they can opt out by completing the postcard and mailing it in by May 1, 2020. Please review the letter and call Homefield Energy at 866-694-1262 with additional questions regarding the program.

 

Municipal Aggregation Terms & Conditions

Bloomington Municipal Aggregation - EAC Info


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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.

The customer count is approximately 11,700 Bloomington residential customers and 1,180 commercial customers. Eligible customers who choose not to be part of the aggregation group may opt out of the aggregation group by contacting Homefield Energy.

 

 

 

 

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