The likely doubling is because households will pick up the tab for government green programs – meaning average electricity users face finding an extra $320 to $440. It comes on top of a warning from pricing regulator IPART, which had told consumers to expect July 1 jumps of only 10-13 per cent – to pay […]
The Texas Public Utility Commission voted Thursday to approve a 50 percent increase in the wholesale electricity price cap in a move it hopes will spur construction of more power plants. The increase becomes effective on Aug. 1 and it could be just the start. Commissioners are considering, but aren’t yet expected to vote on, […]
After more than a year of review and extensive public feedback, Austin Energy (AE) today outlined its proposal for a 12.5% rate increase – its first increase in base electric rates in 17 years. The redesign of rates is needed to provide sufficient revenues, to achieve greater rate equity between customer classes and to better […]
It’s increasingly expensive for utility companies to generate power. The cost of fuel is raising the utilities’ operational costs, and demand on the grid is growing rapidly, despite new advances in energy-efficient appliances. Additionally, infrastructure investment costs (what it takes to maintain the grid), are forecasted to be around $14 billion dollars a year in […]
Electric bills have skyrocketed in the last five years, a sharp reversal from a quarter-century when Americans enjoyed stable power bills even as they used more electricity. More electricity use at homes and higher prices are driving up power bills. Households paid a record $1,419 on average for electricity in 2010, the fifth consecutive yearly […]
