Did you hear that crash? It was falling prices in December.February 12, 2016
Energy prices in December were at an all-time low since 2009. As a Power Smart Pricing participant, you reaped the benefit of these low prices and saved on the supply portion of your electric bill. On average, participants saved over 18% that month.
Your participation in the Power Smart Pricing program is more powerful than you realize. By using energy wisely you’ve not only saved on your bill, but you also helped your community and the environment. Thank you for making a difference.
Why the savings in December?
In December 2015, temperatures were relatively mild and prices were driven by low electricity usage and low natural gas prices. This resulted in lower than usual – a seven year low, to be exact – prices.
The hourly, day-ahead market prices for electricity that you pay on Power Smart Pricing are set through the Midcontinent Independent System Operator (MISO). MISO manages the electricity grid across 15 states and the Canadian province of Manitoba. Ameren Illinois purchases electricity supply through this regional market and passes the market price on to Power Smart Pricing customers with no mark-up.
You can learn more about MISO and the regional electricity market at www.misoenergy.org.