The new rates will likely take effect in the first billing cycle of June 2022.
The bill for a Texas residential customer using 1,000 kilowatt-hours (kWh) will increase approximately $8.31 per month, or 8.48%. This increase begins with bills issued March 1, 2022.
The total increase includes (1) new base rates; (2) a surcharge to recover retroactive amounts for the rate increase; and (3) cost recovery for the retirement of the Dolet Hills Power Plant.
- By Texas law, new rates are retroactive to March 18, 2021. The surcharge for the retroactive amounts will be in effect for an estimated six months.
- Cost recovery for the early retirement of the lignite-fueled Dolet Hills plant will be through a rate rider in effect through 2046, the previously PUCT-approved retirement date for the plant.