KTXS provides an update on the municipal electric utility of Georgetown, Texas, which is raising retail electric rates due to its decision to procure long-term renewable energy contracts, and lower wholesale prices for excess power under such agreements

The City of Georgetown will increase the power cost adjustment, or PCA, on customers’ electric bills starting Feb. 1. The PCA allows the City to recover costs associated with purchasing energy. Customers will incur an increase of $0.0135 per kilowatt hour, resulting in a new PCA of $0.0175 per kilowatt-hour through September.

The average customer uses 949 kilowatt hours per month and will experience a $12.82 increase on their monthly bill

See more: Georgetown city notice

Tags:
Texas   Munis and co-ops   Georgetown   Long-term contract  

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