Idaho customers provided more rate certainty over the next two years.
The Idaho Public Utilities Commission (IPUC) has approved the multi-party settlement agreement in the electric and natural gas rate requests we filed last October. If you’re an Idaho natural gas customer, you’ll see two adjustments to your natural gas rates – April 1 and Oct. 1. Electric customers will see an adjustment on Oct. 1.
We’ve agreed not to request an increase in base retail rates that would take effect before Jan. 1, 2015. Other annual adjustments, such as for the cost of wholesale natural gas and purchased power, can still be requested since they are a separate part of your rate and have no impact on earnings. This means you’ll have more certainty in your energy rates for the next two years, so you can better manage your energy costs.
The bottom line
As a result of the approval, you’ll see two rate changes if you’re an Avista Idaho natural gas customer:
- Beginning April 1, if you use an average 60 therms of natural gas a month, you’ll see an increase of $2.82 a month for a revised bill of $55.37.
- Beginning Oct. 1, you’ll see an additional increase of $0.31 for a revised bill of $55.68.
If you’re an electric customer using an average of 930 kilowatt hours a month:
- Beginning Oct. 1, you’ll see an increase of $2.04 for a revised monthly bill of $80.73.