Overview

Through Ameren Missouri's Smart Energy Plan, we are making our system smarter, stronger, and more resilient by investing in technology to reduce outages and respond faster when they do occur. We're also hardening the grid by replacing older power lines, installing stronger poles and upgrading aging substations to ensure greater reliability for our customers. We're adding smart technology, including outage detection and restoration switches as well as smart meters, so that customers can take advantage of expanded rate options. And we continue to invest in our energy generation portfolio, including power available around the clock as well as clean energy, to reliably serve our customers and state.

Working to Keep Rates Low

We’re committed to doing what we can to keep rates as low as possible by investing wisely and controlling costs. Ameren Missouri’s overall residential electric base rates are approximately 27%* below the Midwest and U.S. averages and have been consistently well below these averages since 2018. If the full request is granted by the PSC, residential rates are poised to remain about 15% below both Midwest and national averages.

*Source: Average Residential Electric Prices – Edison Electric Institute (EEI), “Typical Bills and Average Rates Report” for 12 months ended Dec. 31 each year through 2023. Ameren Missouri residential rates are 24% below the Midwest average and 29% below U.S. average according to the latest EEI report.

Key Customer Benefits

Our customers are at the center of everything we do at Ameren Missouri. As a result of the investments we are making in our electric system, our customers can depend on us to provide reliable, resilient and clean energy now and into the future.

Components of the rate review adjustment request include: 

• Strengthening the grid and investing in smart technology through Ameren Missouri's Smart Energy Plan to ensure reliable energy for our customers.
  • Replacing aging infrastructure with newer, upgraded power lines with increased capacity supporting resiliency and providing flexibility to reroute power during an outage while crews safely make repairs.
  • Adding new and upgraded substations with smart technology that can more rapidly detect and isolate damage, speeding power restoration.
  • Upgrading utility poles, many fortified with stronger composite materials, that can better withstand severe weather and winds up to 70 mph.
   
• Maintaining a diverse generation portfolio of reliable, low-cost on-demand energy. As energy demand and extreme weather threats increase, it is more important than ever to maintain the availability of our energy centers to meet the needs of our customers.
• Providing cleaner energy to the communities we serve through the installation of three new solar energy centers set to be in service at the end of 2024. Combined, they can produce the energy necessary to power approximately 93,000 homes annually. We are also partnering with nonprofits and others by installing solar canopies in parking lots across the region through the Neighborhood Solar program.
• Offering an enhanced customer experience through rate options that provide customers with more convenience, choice and control over their electric usage. Customer benefits include personalized usage information and various rate options to choose from that specifically meet a customer’s lifestyle. Smart meters also enable faster connection when moving or starting service.