Ameren's Power Smart Pricing Plan

By Syreeta Baker

July 15, 2010 Updated Oct 10, 2007 at 7:23 PM CDT

Ameren is offering a new program that will put your electric bill entirely in your hands.

Power Smart Pricing is the new program Ameren is offering its customers through CNT Energy.

CNT officials say 24 hours a day participants can pay market based prices for their electricity.

Ameren officials say this program could save consumers money, but only those who closely monitor their usage.

Ameren spokesman Neal Johnson said, "If the cost of energy today was down lower than what are basic generation service is obviously you could save money during that period of time, if it goes up higher because of demand on the system in the afternoon you could still save money by curtailing your usage."

CNT is the same non-profit organization that ran a "real time pricing" pilot program for Common Wealth Edison from 2002 to 2006.

With the program, the price per kilowatt changes each hour based on demand. Officials say generally, since everyone gets home from work in the evening.

"Seven to eight can be one of the peak hours you would not want to use much electricity."

CNT says 1,400 Commonwealth Edison customers were involved in the pilot program and they saved about ten percent.

For more information on Power Smart Pricing, click on News links.

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