Austin Energy, which already had the lowest green pricing rate among electric utilities for power generated from 100% new renewable energy projects, has reduced its rate even further because of rising natural gas prices. Subscribers to the utility's GreenChoice product are exempt from a recently imposed fuel charge increase of 3.9%, or $2.63 per month for the average customer using 1,000 kilowatt-hours (kWh) per month. Given that GreenChoice customers were being asked to pay an extra 0.4¢/kWh, or $4.00 per month on average, the green power premium is now 0.137¢/kWh, or $1.37 per month. Residential and small business subscribers will receive 100% of their power needs from renewable energy sources when the power becomes available in 2001—Austin has contracted for 20 MW of wind power and 20 MW from landfill methane projects.
News Release - Skyrocketing Natural Gas Prices Require Fuel Charge Increase - No longer online at austinenergy.com
Austin Energy Contact: Carol Harwell (512) 322-6562