FISHER — The village board has authorized Mayor Milt Kelly to sign a contract with electrical supplier Integrys to lock in rates for at least the next year.
But he is not to act until June 1 when Ameren's rates for the next year are official. Kelly is to "secure the best deal possible."
Village residents voted in favor of electric aggregation in last month's election with the idea they would see rates 10-15 percent below Ameren's by switching to Integrys.
Integrys representative Deb Lucas said told the board last week that it should lock in rates sooner rather than later. She said she would have a pretty good idea of Ameren's rates within the next five days. She noted that once a contract is signed it will take at least a month for the opt-out process whereby residents must indicate they don't want to switch to Integrys.
So the switch will not take place until at least the July meter reading date. She said summer is when residents will realize the greatest savings.
But Trustee Roger Ponton lobbied to wait as long as possible into June to secure rates. He is convinced Ameren's new rate will be considerably lower than its current one. But Lucas said there is pressure on the market spurred by rising natural gas prices. Lucas will be in touch with individual trustees via email as she tracks prices over the next few weeks.