t

PSE’s electric customer rates increasing slightly

The new rates will go into effect July 1

State regulators approved a multiparty settlement in Puget Sound Energy’s power cost rate case, slightly increasing customer rates.

The settlement, approved by the state Utilities and Transportation Commission, includes a revenue increase of $65.3 million, a significant decrease from the $88 million Puget Sound Energy originally requested. The new rates will go into effect July 1.

An average residential electric customer’s bill will increase about 2.9%, according to the state Utilities and Transportation Commission. A residential customer using 900 kilowatt-hours will see an increase of $2.73, for a monthly bill of $98.30.

The increased power supply costs since PSE’s 2019 rate case were the main driving factor behind the revenue increase. These included increasing natural gas prices, new and existing power purchase agreements, and rising wholesale power prices. Final rates will be subject to an update to reflect current market costs for power.

PSE’s low-income customers will also see more bill assistance beginning Oct. 1. The settlement includes a $1.2 million increase in annual funding for PSE’s Home Energy Lifeline Program (HELP).

The commission held a public comment hearing on April 20 and received 172 public comments on Puget Sound Energy’s rate increase proposal, five in favor, 165 opposed and two undecided.

The parties to the full multiparty settlement are PSE, UTC staff, the Alliance of Western Energy Consumers (AWEC), and The Energy Project. The Public Counsel Unit of the Washington Office of the Attorney General neither joined nor opposed the settlement.

Bellevue-based PSE provides electricity service to more than 1.1 million electric customers in eight Washington counties: Island, King, Kitsap, Kittitas, Pierce, Skagit, Thurston and Whatcom.

The UTC is the state agency that regulates private, investor-owned electric and natural gas utilities in Washington. It is the commission’s responsibility to ensure regulated companies provide safe and reliable service to customers at reasonable rates, while allowing them the opportunity to earn a fair profit.




Talk to us

Please share your story tips by emailing editor@seattleweekly.com.

More in northwest

King County logo
Auditors find racial disparities in King County contracts

BIPOC-owned businesses earn contract bids at a much lower rate than white-owned businesses.

A plane drops fire retardant on the Palmer Mountain Fire last summer in north-central Washington. Laura Knowlton/Sound Publishing staff photo
Washington can expect a warmer, drier summer – and more wildfires

The threat of wildfires in much of Washington state is expected to… Continue reading

Stock photo
State to allow ‘Joints for Jabs’ promotions to support vaccinations

Retailers temporarily allowed to provide a joint for adults vaccinated at in-store clinics

Pedro Miola inspects the panel to ensure the bees are healthy. (Photo by Cameron Sheppard)
Eye of the bee-holder: Urban beekeeping buzzes in the Pacific Northwest

How a young man on-track to become a doctor found his calling in an ancient trade.

Courtesy image
As vax rates ease in WA, here come the prizes — including $1 million

Incentives range from big cash drawings to sports tickets and tuition. Drawings start next week.

Jackie Hoernor winces as she gets her Pfizer COVID-19 vaccination during a Walgreen’s Vaccine Clinic at South Pointe on Friday, Feb. 12, 2021, in Everett, Washington. (Sound Publishing file photo)
Washington no longer on pace to beat June 30 vaccine goal

Reaching 70% of adults with at least one shot would trigger the state to drop most COVID-19 restrictions.

t
King County Council approves facial recognition technology ban

Software ban applies to King County Sheriff’s Office

t
PSE’s electric customer rates increasing slightly

The new rates will go into effect July 1

Graphic rendering of ADU design used for Renton’s Permit Ready Accessory Dwelling Unit program (courtesy of City of Renton)
Backyard cottages might offer a partial solution to King County’s housing problem

Some cities are embracing the solution better than others.

Courtesy Photo, Public Health - Seattle & King County
King County health officials urge caution around rivers, lakes

Warm Memorial Day weekend weather expected to draw people to swimming, boating

Flames attack the hillside in Bonney Lake on Sept. 8, 2020. (East Pierce Fire & Rescue photo)
WA firefighters brace for potentially busy weekend

Washington state Department of Natural Resources firefighters were preparing for what could… Continue reading