Homefield Energy to Serve as the Electricity Supplier for the Municipal Electric Aggregation Program

The new contract will be with Homefield Energy, a locally based company that previously supplied the Village. Learn more by reading the press release here.

Unlike previous contracts for the aggregation program, the Village of Glen Carbon along with their consultant Good Energy, have deliberately secured the new rate for a short period of time due to the uncertainty in the energy market. The new shorter program will commence on the December 2024 meter read date and will continue through the May 2025 meter read date. This new 6-month program rate is a fully fixed rate and will not change during that timeframe. A new follow-on rate will be negotiated with suppliers prior to the expiration in May 2025. Meanwhile, the Ameren rate can change throughout the period and is scheduled for an annual change in January 2025, which in the past several years has resulted in an increase. The Village aggregation program rate provides protection against higher rates as well as stability. For while those participating in the program since its inception have had only 7 rate changes since 2013, the Utility has had 30 rate changes.

Although this program is designed to protect our residents from the volatility in the energy market and provide insurance against large increases in rates as we experienced in 2021 and 2022, it also provides the ability to opt-out of the program at any time without penalty if the account holder desires. Opt-out letters will be mailed to all eligible residents within the Village and if the account holder desires to continue participating in the program, then they need do nothing with the opt-out notice and they will be automatically enrolled.

If the account holder chooses not to participate in the program, there are several ways to do this. Simply return the opt-out notice by mail, call the new Supplier, Homefield Energy at (866) 694-1262, or go to the website as referenced in the letter. If you have questions about the program, it's important you do not call the Village of Glen Carbon. The Village cannot opt you out of the program. Again, you may call Homefield Energy direct at (866) 694-1262 or call with any questions or Good Energy's direct line to speak to Vicki Browning at (844) 686-4244.