Austin Energy announced that it plans to increase the fuel charge component of its electricity rate in three phases over the next year because of higher natural gas prices and the prolonged outage of one of its nuclear generating units. However, customers who purchase all of their electricity through the utility's GreenChoice program will see no rate impact from the fuel charge increase. This is because GreenChoice customers pay a fixed green power charge in place of the utility's fuel charge. For most GreenChoice customers, the premium paid for green power will fall from its current level of 1.076¢/kWh to just 0.054¢/kWh once the entire fuel charge increase takes effect.
News Article - Austin Energy Fuel Charge to Increase, Will Still Be Among Lowest in State
Austin Energy Contact: Carol Harwell (512) 322-6562