Public Service Commission of Wisconsin Approves Xcel Energy Rate Increase
Friday, December 4th, 2015 -- 8:16 AM
-The Public Service Commission of Wisconsin approved new rates beginning on Jan. 1, 2016, for Xcel Energy customers in Wisconsin.The 1.1 percent overall electric rate increase supports improvements to transmission and distribution systems for continued reliability, the addition of renewable energy to the system and upgrades to continue to provide carbon-free nuclear energy. A typical residential electric customer is expected to see an increase of less than $1 a month.
The new electric rates include an increase in the monthly fixed customer charge, which has not increased for residential and small business customers since 2006. The PSCW also approved a 3.6 percent overall rate increase for natural gas customers. A typical residential natural gas customer is expected to see a monthly increase of approximately $1.80 a month. The company worked with the PSCW staff and customer groups to reduce the scope and size of the electric and natural gas rate increases from the original request filed in May.
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