Under pressure from an unhappy City Council, Austin Energy released a new proposal Thursday for raising electric rates.
The city-owned utility is seeking to keep the 12.5 percent average rate increase it initially proposed but phase it in over two steps. Sometime this year, rates would rise 8.7 percent, although the increase would hit homes, churches and some other classes of customer much harder. Another 3.8 percent increase would kick in around October 2014.
Full article at the Austin American-Statesman.
Is a policy analyst consultant for TCAP, a coalition of political subdivisions in Texas that purchase electricity in the deregulated market for their own governmental use. Because energy costs are typically a significant budget item to our members, TCAP is consistently looking for ways to save our members money, through cost-saving contracts, energy efficiency or demand response programs.