Is the long-deliberated redesign of Austin Energy electric rates coming to a close?
Three members of the Austin City Council – Mayor Pro Tem Sheryl Cole, Chris Riley and Bill Spelman – seemingly hope so. The three held a press conference this morning to propose a new rate structure for the city utility, which they would like to take effect this fall.
“I wish we could wait another year or two before proposing higher electric rates, but we can’t,” said Spelman. While he admitted no one wants an increase in rates, the five-tier rate structure the group proposed – with rates increasing in amount as customers use more electricity – could allow for rates to be lowered in the future. For residential customers, the average rate increase will be reduced from 20 percent in the originally proposed plan to eight percent. A monthly fixed charge, originally proposed at $22, has been lowered to $10.