Hoffman-led Energy Plan Signed into Law, Aims to Lower Energy Costs for Residents

JOLIET, Ill. – A comprehensive energy package led by state Rep. Jay Hoffman, D-Swansea, that will provide relief for consumers, create jobs and strengthen Illinois’ electric grid has been signed into law.

“People across the state are seeing increases in their home energy bills, and we’re responding with a thoughtful, well-negotiated measure to provide immediate relief while better positioning us to handle future demand,” Hoffman said. “We want Illinois to be at the forefront of a 21st century economy. This is a smart, consumer-focused plan that will increase our electric capacity, create jobs and spur economic investment.”

Backed by data from the Illinois Power Agency, highlights of Hoffman’s Clean and Reliable Grid Affordability Act (Senate Bill 25) include:

• Virtual Power Plants: By capturing clean energy already being generated as surplus power by home solar panels and other green sources, better coordination through virtual power plants can redistribute energy across the system and lower costs for all consumers. This change is expected to reduce bills by up to $4.34 per month for Ameren customers and up to $1.11 per month for ComEd consumers.
• Increased Battery Storage: Adding battery storage will make the grid more reliable and affordable, further acting as insurance for the system. This improvement is expected to lower bills for Ameren customers by up to $8 per month, and for ComEd users up to $1.90 per month.
• Energy Efficiency: By expanding and investing in energy efficiency programs, Ameren consumers are expected to save up to $1.41 per month, while ComEd customers could see an additional 30 cents in monthly savings.

Senate Bill 25 also takes into consideration recent federal budget decisions that are expected to increase consumer costs and eliminate thousands of manufacturing and energy jobs. Hoffman’s measure and its associated investments are expected to create up to 115,000 jobs through construction and operating positions.

For more information, please contact RepJayHoffman@gmail.com.