On April 20, 2022, Ameren Illinois received electric rate results from the regional grid operator (MISO), which include an increase from $5/megawatt to $236/megawatt and will now cause Ameren electric rates to increase significantly, more than 40 percent, beginning June 1.
This increase is unrelated to the increase in natural gas prices and different from what was experienced beginning in Fall 2021 when Ameren gas rates increased, causing heating bills to rise during the winter months.
The rate increase is a result of many factors, including power supply prices going up because of global market pressures and a capacity shortage in the region that covers Ameren Illinois customers.
Not only will this rate increase lead to higher electric bills that customers can expect to see in late June/early July, but there will also be the potential for controlled outages and brownouts this summer. These possible electric disruptions could have an impact on not just Ameren Illinois customers, but all residents whose energy is supplied from the MISO grid.
Illinois residents who are struggling to keep up with their increased bills can reach out to Ameren Illinois to request a budget billing program that sets monthly bill amounts at predictable amounts. More information about the program can be viewed here.
Additionally, qualifying households can take part in the Low Income Home Energy Assistance Program (LIHEAP), which is the federally-fund program that provides monetary relief for energy bills. More information can be obtained by calling 1-877-411-WARM (9276) or visiting https://www.ameren.com/illinois/residential/energy-assistance/liheap.