As a non-for-profit, community-owned utility, we pass changes in fuel costs—up or down—directly on to our customers. While we monitor fuel costs monthly, we usually ask for adjustments quarterly.
Adjustments are based on a "look back" of the previously forecasted fuel costs and a "look ahead" at projections for the next quarter.
Energy costs are variable and driven by price fluctuations in the coal, natural gas and purchase power market.
On Oct. 22, 2019, City Council voted 8-0 to approve rate increases to electric and gas customers. These new rates will go into effect on Nov. 1, 2019. We've made cost adjustments every quarter this year and the changes that take effect Nov. 1 result in lower rates than those in effect in January 2019.
With this vote, the sample residential customer's bill will increase $1.80 per month, or 0.8 percent. A sample commercial customer's bill will increase $35.42 per month or 2.6 percent and a sample industrial customer's bill will increase $422.24 per month or 1.0 percent.
If customers want to see how their individual bills will be impacted by this rate decrease, they are encouraged to go to our bill calculator.