ST. LOUIS (KMOX) – Saying 2018 must be the year that Missouri caps electric rates, state representative TJ Berry has pre-filed a measure that would set that cap at around 3-percent annually.
Tom Byrne, senior director of regulatory affairs for Ameren Missouri, was asked why only four other states have seen their rates increase faster over the past decade.
He replied that it has to do with the excess power that Ameren puts on the open market, returning 95-percent of those sales to customers.
“The price of power has declined in the market so the credit that customers have gotten has been less of over the last few years, but we still have some of the lowest rates in the country,” he says.
That said, federal data shows that electric rates in Missouri have gone up about four times faster than the national average in the past 10 years.