The Village of Morton will enter a new contract period with electric power supplier Homefield Energy later this year. The Village’s first aggregation contract with Homefield will end with the June billing cycle, and the new contract will take effect with June meter readings payable in July. The new 24-month agreement with Homefield locks in a rate of 4.66 cents per kilowatt hour and mandates that Homefield supply 50% of power from renewable sources or purchase renewable energy credits.
As the current contract period ends, residents will receive solicitations from other alternative energy suppliers in the mail, by phone and door-to-door. Suppliers other than Homefield Energy are not associated with the Village’s municipal aggregation program. Residents who wish to consider other suppliers should compare rates offered by these alternative providers to Homefield’s aggregation rate of 4.66 cents per kilowatt hour fixed for the duration of the 24-month contract. Many electrical suppliers offer a variable rate including a low rate for a short introductory period. When comparing, residents should ask if the rate is variable or fixed for the life of the contract.
All eligible Ameren and Homefield residential and small business customers will receive an “opt out” letter from Homefield in the latter part of April. Customers who do not want to participate in aggregation with Homefield as their supplier should return the postage paid, self-addressed reply card to Homefield. Customers who choose not to opt out will be charged the new Homefield rate on their bills for June meter readings. Customers who have electric supply contracts with suppliers other than Ameren or Homefield will not receive opt out letters but may elect to participate in Morton’s aggregation program upon cancellation or expiration of their current power supply contracts.
For more information about Homefield Energy and the Village of Morton’s electric aggregation program, contact Homefield Customer Service at HomefieldCustCare@Dynegy.com or 866-694-1262.