Rocky Mountain Power files electricity rate reduction request with Wyoming PSC

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6 April 2016, Electricity

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For the average customer using approximately 768 kilowatt-hours per month, the proposal would reduce their annual electricity bill by $1.56.

"When customers' rates are set, they include the anticipated variable costs of electricity such as coal, natural gas and wholesale purchases. These costs fluctuate, so there is a separate mechanism in place to make annual adjustments, subject to review by the Wyoming Public Service Commission," said Rita Meyer, Rocky Mountain Power vice president. "The proposed decrease is the result of such an annual filing, and the company has requested an effective date of May 15, 2016."

The balance in the ECAM results by the difference between actual and expected costs of fuel and wholesale electricity purchases and adjustments for the sale of Renewable Energy Credits. The RECs represent the environmental attributes of renewable energy produced by the company and are sold on the open market. Revenues from those sales are credited to customers to lower their bills. This year, the ECAM adjustment also includes costs associated with the closing of the Deer Creek Mine.

"Taken together, these adjustments produced the requested decrease for Wyoming customers," Meyer said. "We work hard to provide reliable electric service at reasonable prices and these annual power cost adjustments are made so our customers do not overpay or underpay for the electricity they use."

The Wyoming Public Service Commission will review the request for this decrease and, if approved, the new rates would take effect May 15, 2016.

Source: MarketLine

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