PAXTON — Residents and small businesses have until Thursday to opt out of Paxton's electric-aggregation program.
Those who do not opt out will be automatically enrolled.
Integrys Energy Services, a Chicago-based alternative retail electricity supplier, has entered into a 16-month agreement with the city to supply electricity to all eligible Ameren Illinois customers who do not opt out.
Letters informing residents and businesses of their right not to participate in the program were mailed to 1,472 homes and 134 businesses Dec. 21. There are three ways to opt out:
— Call 855-875-9837. It's toll-free and open 24 hours.
— Return a postcard that was mailed with the opt-out letter.
Residents and small businesses who want to participate in the program don't need to do anything. Participants should see an average monthly savings of $20 or more on their electricity bills starting in March.
Integrys will supply electricity at a rate of 4.024 cents per kilowatt-hour, down from Ameren's current non-summer rate of 5.467 cents for residential customers and 6.188 cents for small businesses.
The program is expected to be implemented the first week of February, with the Integrys supply charge reflected on power bills in March.
Ameren will still do the billing for accounts participating in the program.
Citizens voted 869-744 in the Nov. 6 general election to allow the city's electric aggregation program to move forward.
Through aggregation, communities combine households and small businesses into a buying group, resulting in increased buying power for electricity and competitive prices.