EFFINGHAM — City of Effingham entered into an electrical supply agreement Tuesday as part of the municipal aggregation program. The agreement is estimated to save residents 30.6 percent on their electric bills.
The rate for the 17-month agreement with Homefield Energy is even better than city officials expected, according to a news release late Wednesday.
While the city was hoping for a 25 percent savings, the rate agreed upon to supply electricity is .03909 cents per kilowatt hour, saving residents 30.6 percent on the supply portion of their electric bills.
City residents will receive written notice from Homefield Energy in the next 10 days, giving them an opportunity to opt out of the program. Any company going door to door or contacting residents via phone is not affliated with the city's aggregation program.
Residents will begin to see savings in March.
For more, see Friday's print edition of the Daily News.