Opt-Out Legislation
The purpose of deregulating electricity markets was to increase competition and lower costs.
For the first time in Illinois, residential and small commercial retail customers can benefit financially from this.
Illinois Legislation now permits municipalities to propose a referendum which, if approved,
entitles municipal authorities to put their residential and small business electricity load
out to bid to an alternative supplier in order to save money. The municipal aggregation falls
under the Illinois Power Agency Act and can be found at "20 ILCS 3855/1-92".
Opt-out legislation is an efficient tool for spreading the benefits of electricity competition
to residential and small commercial retail customers quickly and efficiently with the due diligence
of a municipally organized process.
Saving Money on Electricity
This is a unique market opportunity because Ameren rates are higher than wholesale electricity
market costs. Savings in Ameren with an opt-out program could be in excess of 20% on the electricity
supply side based on current market conditions. Also, the municipalities themselves can benefit financially.
This legislation is referred to as "Opt-out", meaning that any resident may choose to opt-out of
the program and will have well-advertized opportunities to do so. It is the group buying power of
the "Opt-out" program that increases the savings by 5-10% when compared to standard individual offers.
At all times the power transportation and distribution remains with Ameren and the exact same level of service is maintained.
Join the Good Energy Central and Southern Illinois (CSI) Buying Group
The City of Peoria, East Peoria and Pekin have been clients of Good Energy for several years and we are in discussions with the following municipalities about this opportunity:
- Village of Bartonville
- City of Eureka
- Village of Hanna City
- Village of Morton
- Town of Normal
- City of Pekin
- City of Peoria
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- City of East Peoria
- City of West Peoria
- Village of Peoria Heights
- Village of Roanoke
- Champaign County
- Stark County
- Tazewell County
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Getting Started
We look forward to educating municipal leaders on this opportunity. To find out more, please contact:
Philip Carr, Business Development Director, e-mail: philip.carr@goodenergy.com,
phone: 212-352-3143
Charles de Casteja, Managing Partner, e-mail: charles@goodenergy.com,
phone: 212-691-9467