The Missouri Public Service Commission on Wednesday approved five new orders and tariffs, one of which grants a 2.8 percent rate increase for Ameren Missouri.
The proposed rate increase is estimated to raise consumer’s bills $3.03 per month, but the commission made sure to note that the increase now should lead to savings later.
Ameren Missouri filed the tariff to recover the cost of its Cycle 2 Missouri Energy Efficiency Investment Act programs, which runs from March 1, 2016, through February 28, 2019.
“Over the term of the investment in energy efficiency, the customers will save more money in the long run,” Commissioner Stephen Stoll said. “I think that’s important for customers to know because we do this in order to help customers save money in the long run because it will forego an investment in a new power plant or whatever else.”
Under the order’s language, the rate increase will take effect on Jan. 26.
Read more: The Missouri Times