Voters in three River Bend communities will be asked to approve a ballot measure on March 20 that is supposed to decrease what they pay for electricity. A new law in Illinois allows for electric aggregation, meaning a third party broker can bid for power from suppliers and pass any savings on to communities and it's residents. Alton, Bethalto and Godfrey have signed on with one of those brokers.
Good Energy is one of the largest such brokers in the country, and Managing Partner Javier Barrios says the company has already helped a handful of communities in the northeastern U.S. and is hopeful that voters here will see the benefit of saving money
Godfrey Mayor Mike McCormick says he was cautious at first, but believes it will be good for residents as early as this summer.
Barrios says the cost to buy power on the wholesale market are as low as they've been in ten years and if voters say "yes," the cheaper electric rates could be realized by later this year. For more information on the programs, you can contact your city or village hall, or 465-6030.