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September 2017 Board Update

Sep 28, 2017

Fuel Rate Adjustments for Electric and Natural Gas Customers

CU customers can expect to pay approximately $.80 less for electric use than the same period one year ago, per 1000kWh. The fuel rate adjustment period is from October 2017 through March of 2018 and is based upon projected fuel costs for the next six months and the actual cost of fuel used during the previous periods. Including this current adjustment, based on a 1000kWh usage, the monthly impact is $2.10 less than the 10-year average fuel rate. The adjustment is part of the normal semi-annual process that aligns projected fuel costs used to produce electricity for customers with actual fuel costs.  

Through a similar adjustment mechanism, natural gas customers can expect to pay less for natural gas over the next six months.  Residential customers using average volumes of natural gas should pay $.35 less per month than projected gas costs, based on expected residential customer usage averaging 103 therms per month.   Natural gas prices are adjusted monthly to match projected prices for the fuel, and twice a year the rates are realigned through the recovery adjustment. 

 

Changes in Rebate and Incentive Programs

CU Energy Services and Renewables is making changes to several programs. Those changes include higher allowances on commercial lighting, new Energy Star guidelines for heating and air-conditioning, and the addition of a rebate covering 50 percent, up to $75, for Smart Thermostats. Additional information and guidelines can be found on the CU website.

 

Winter Weather Will Arrive Soon

Now’s the time to prepare for cold winter months. CU offers energy and money saving tips that can help not only with winter utility bills but year-round as well. We also provide several convenient ways to pay your bill that will save time, and remove some of the uncertainty. Visit the Ways to Save, and My Account sections of our website for more information.

 

Upcoming Events:

  • Thursday, October 5 – Citizens Advisory Council
  • Thursday, October 26 – Board Meeting and Retreat
  • Saturday, October 28 – Halloween Hustle 5k & 10k
  • Thursday, November 2 – Citizens Advisory Council