Dive Summary:
- Idaho Power has filed its annual fixed cost adjustment with the state's Public Utilities Commission; this year's filing could lead to a decrease on customer's monthly bills.
- If approved by both the public and the PUC, the average Idaho Power customers could see a decrease of 27 cents beginning in June.
- The filing stems from reduced energy use per customer during the previous year, which resulted in a surcharge that the utility can now refund to its customers.
From the article:
The FCA annually adjusts electric rates for Idaho Residential and Small General Service customers based on changes in energy use during the previous year. If, because of reduced energy use per customer during the prior year, Idaho Power under-collects the authorized level of fixed costs, the utility recovers the difference through a surcharge. If the company collects more than the authorized level of fixed costs, it refunds the difference to customers through a credit. ...