In an effort to keep you informed, we wanted to notify you of proposed pass-through rate changes.
Each year during the City of Austin budget process, Austin Energy trues up fees and charges paid by customers that are “pass-throughs.” These are charges meant to collect what we actually pay as an expense and include power supply costs, customer support programs and transmission services, among other items.
There is good news this year for commercial customers. We recommend dropping that basket of charges for a net decrease of 0.2 percent system-wide. As always, the effect for each customer will depend on your rate class and how you use energy.
We propose no change to the base rate, which last changed in 2017 and provided a $37.5 million cost reduction for commercial customers.
The Austin City Council is scheduled to vote Sept. 11 on the budget and proposed pass-through rate changes.
Significant changes in the fees include a reduction in the Power Supply Adjustment of 2.4 percent and a reduction in the Regulatory Charge of 1.6 percent. These reductions are partially offset by an upward change in the Community Benefit Charge. As over or under collections occur, adjustments are subsequently made in pass through charges.
The Key Accounts Budgeting Tool has been updated with these proposed rate changes. You can see the impact on your bills and budget accordingly.
If you have any questions or need access to the Budgeting Tool, please contact your Key Account Manager. We value your business and appreciate the opportunity to serve you.
Kerri Davis | Manager, Commercial & Key Accounts | Austin Energy
721 Barton Springs Rd. | Austin, TX 78704 | 512-322-6574