Austin Energy says it needs to recover $104 million in excess costs.
is that you can vote for the people who have to sign off on rate increases before AE executives can implement them. But public power providers face the same increasingly expensive challenges getting electricity to customers that private companies do, ones that – eventually – need to be paid for by someone.
Austin Energy ratepayers will soon be those someones, following an 8-3 vote by Council to increase thePower Supply Adjustment . The PSA portion of AE customer bills will increase $15 per month, as the utility seeks to recoup $104 million in emergency operations costs incurred in the chaotic 2022 fiscal year, in the aftermath of the prior year's grid failures.
The PSA is intended to pass through to customers the prorated cost of the natural gas or coal used to generate their power; right now at AE, the fossil fuel share of the energy mix is mostly natural gas, which has hit record prices around the globe.
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