As the Illinois Commerce Commission reviews a plan submitted by Ameren that will determine electricity delivery rates over the next decade, consumer advocate groups will be watching. The way delivery rates are set is changing, and the ICC is in the process of reviewing Ameren’s proposal on the performance-based formula rate-setting method.
The change was part of a package that allows for the construction of a smart grid which, when completed, should improve delivery and electricity conservation. Jim Chilsen of the Citizens Utility Board says CUB is for a smart grid, but it must be done right.
The ICC has 270 days from the date of the filing to review the proposal. Chilsen says that means the new rate setting formula could be in place by October, with new delivery rates based of the formula set.