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Electric Rates

All articles tagged with #electric rates

business27 days ago

California regulators maintain high utility profits despite customer outrage

The California Public Utilities Commission voted to maintain high profit margins for utilities like Southern California Edison, despite consumer protests over rising electric bills and claims that these profits are inflated. The decision slightly reduces the utilities' return on equity, but customers will see little immediate impact as infrastructure costs continue to rise. Consumer groups argue that the profits are excessive and advocate for lower returns to reduce energy costs for Californians.

via Los Angeles Times|
#business#california-public-utilities-commission#consumer-complaints
energy2 years ago

"Global Natural Gas Boom Drives Down Electric Rates Worldwide"

Eversource and Unitil have requested to lower their energy supply rates, which would save customers about 15% and 10% respectively, due to the low prices of natural gas. The reduction in rates is a result of the low cost of methane, used in power plants that provide half of New England's electricity, due to record production in the US and economic issues. However, there is no guarantee that rates won't increase again in the future. The energy supply charge is based on the price utilities pay to buy electricity on the open market, making cheaper fuel result in cheaper bills. The rates are set twice a year and cannot be adjusted based on market fluctuations. The decline in supply rates only affects half of residential electric bills, while the distribution charge covers the costs of maintaining the power grid and has been growing in recent years. The transition to a more sustainable grid will require redesign and building, leading to debates on how to allocate the costs on electric bills.

via Concord Monitor|
#distribution-charge#electric-rates#energy
energy2 years ago

How to Save Money on Your Summer Electric Bill Amid Rising Rates

Duke Energy is raising its generation fee from $0.06 per kilowatt hour to $0.10 for southern Ohio customers as of June 1st due to high demand from longer summer heat waves, more homes and businesses that need to cool their buildings, and the rising price of natural gas. The rate hike is expected to add about $30 to an average home's bill, but customers can lower it by choosing a different provider at the PUCO's Apples to Apple's comparison site, at EnergyChoice.Ohio.gov. Energy efficiency measures such as buying a "smart" furnace filter, using fans, sealing leaks, and swapping out for energy-saving LED bulbs can also help keep bills down.

via WCPO 9 Cincinnati|
#duke-energy#electric-rates#energy
energy2 years ago

San Diego's Push for Sustainable Energy: Flat Rates and Gas Reduction Targets.

San Diego Gas & Electric has proposed a new flat-rate pricing plan for residential electric rates that would lower costs for most low- and moderate-income customers and prepare for phasing out natural gas appliances and gasoline-powered vehicles. The plan calls for four flat-rate tiers based on household income to cover the cost of transformers, transmission lines, billing, and customer service. Customers would pay the flat rate plus an average of 27 cents per kilowatt-hour of electricity used, compared to the current average of 47 cents per KWh. The utility estimates that the average low-income customer could save as much as $300 a year under the new rate plan.

via Times of San Diego|
#electric-rates#energy#energy-reform