Rocky Mountain Power seeks rate decrease for Wyoming customers
by Rocky Mountain Power
April 18, 2017
CASPER, Wyoming (April 17, 2017) Rocky Mountain Power has asked the Wyoming Public Service Commission for a rate decrease for customers totaling $16.2 million. For the average residential customer using 733 kilowatt hours per month, this will mean a decrease of approximately $15.36 annually.
In addition to today’s request for a rate decrease, Rocky Mountain Power pledges to not increase base rates before January 1, 2020.
"When customers’ rates are set, they include the costs of electricity such as fuel and wholesale electricity purchases. These costs fluctuate, so there is a method to adjust rates for our customers. This proposed decrease is the result of an annual filing and, if approved by the Wyoming Public Service commission, will be effective June 15, 2017, on an interim basis," said Rita Meyer, Rocky Mountain Power Vice President.
Part of this requested decrease includes adjustment for the sale of Renewable Energy Credits (RECs). The RECs represent the environmental attributes of renewable energy produced by the company. RECs are sold on the open market and revenues are credited to customers to lower their bills.
"These adjustments led us to request a decrease for our 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 with interim rates scheduled to take effect June 15, 2017.
About Rocky Mountain Power
Rocky Mountain Power provides safe and reliable electric service to more than a million customers in Utah, Wyoming and Idaho. The company works to meet customers’ growing electricity needs while protecting and enhancing the environment. Rocky Mountain Power is part of PacifiCorp, one of the lowest-cost electricity providers in the United States. More information at rockymountainpower.net.