Ameren Illinois Power Smart Pricing
Power Smart Pricing (PSP) is an hourly electricity pricing program for residential customers served by Ameren Illinois. PSP participants pay electricity prices that vary from hour to hour and day to day according to the actual market price. By contrast, under the standard residential rate, the price only varies between summer and non-summer months. Participants can manage their electricity costs by taking simple actions to conserve energy during hours when prices are higher.
PSP uses “day-ahead” prices, meaning the price for each hour of the day is set the evening in advance, and are available after 6 p.m. Participants can check hourly prices online anytime or call 1-877-655-6028. Participants can also receive high price alerts by email, phone, text, or Twitter.
Since the program began in 2007, PSP participants have experienced a savings of more than 15 percent off the electricity supply portion of their electricity bill, as compared with what they would have paid with Ameren’s fixed-price rate.
Visit the Power Smart Pricing website or give Elevate Energy a call at 1-877-655-6028 to sign up or learn more.