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Auction starting today could mean higher electric rates in Ill.

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By AP/KWMU

Springfield, Ill. – A special auction is set to start today (Tuesday) and it could mean higher electricity bills for customers in Illinois.

The Illinois Commerce Commission will hold the auction as a way to set new wholesale prices for power after Ameren and Com-Ed's current suppliers' contracts expire on December 31st.

The prices determined by the auction would take effect January 1. That's the same day a state-ordered freeze on residential power rates will end.

An Ameren spokeswoman says she can't say exactly how much of an increase customers will see.

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