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Austin Energy says customers should expect to pay an extra $20 a month for their electricity starting in November.
to the Austin City Council, the publicly owned utility said the increase is due to the rising cost of natural gas, among other factors.According to the memo, Austin Energy raises what it calls “pass-through rates” each year. This year’s uptick is due in part to the utility’s success during the February 2021 blackout — when itby putting electricity back on Texas’ electric grid. That profit had allowed the utility to charge customers less.
Austin Energy announced earlier this year that it's also raising its base rates for customers to offset a $48 million gap in revenue. Under its rate proposal, the utility will charge $16 more a month for the average household and raise its service fee from $10 to $25.the new pricing will unfairly burden low-income customers and those who use the least energy. After pushback, the utility revised its initial estimate.
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