US utility Ameren Missouri has announced that it will reduce energy bills for residential, commercial and industrial customers.
The announcement follows the approval of a plan filed by the utility with the Missouri Public Service Commission.
The Commission approved a $32 million decrease in the utility’s annual revenue requirement, which translates to a savings of approximately $15 per year for an average residential customer.
The decrease marks the second consecutive decrease since 2018 when customers received a 6% rate cut as part of the company’s Smart Energy Plan.
“We recognise the importance of keeping customer rates affordable as we implement our Smart Energy Plan to upgrade infrastructure, improve reliability and add clean energy,” said Marty Lyons, president of Ameren Missouri. “We’re building a brighter energy future for the communities we serve with new solar and wind generation, economic development rate incentives for new or expanding businesses and innovative new services for millions of customers.”
The Smart Energy Plan includes grid resilience and renewable energy projects worth $7.6 billion over the next five years.
As part of the Plan, Ameren Missouri will also:
- Donate $7.5 million to energy assistance and weatherisation programmes for low-income customers starting in April 2020.
- Development of an online rate comparison tool for customers.
The utility serves 1.2 million electric and 132,000 natural gas customers in central and eastern Missouri.