Riverbend Communities Renew Electricity Aggregation Program With Fixed Rates
RIVERBEND REGION – The Riverbend area communities have renewed their municipal electricity aggregation program with Homefield Energy. This program, which was previously approved by referendum by the voters in each community. These communities include the Village of Godfrey, Village of Bethalto, Village of Roxana, Village of South Roxana, Village of East Alton, Village of Hartford, City of Alton, and the City of Wood River. The primary goal of these communities is to protect the residents from the continued volatility in electric supply rates as well as spikes in the energy market. The new rate for the Riverbend communities ranges from $0.1197 to $0.1207 per kWh and will be a fully fixed rate from June 2025 – May 2026. As expected, generation capacity for the region impacted the rate substantially and with capacity being a pass-through component of the supply, the expected capacity cost will have a similar impact on Ameren rates as well. Residents should keep in mind,