It’s a record breaker that no Oncor electricity customer wants to celebrate. One more reason electricity bills are going up. Oncor raised its ‘Oncor charge’...
Watchdog: It’s the first time the so-called ‘Oncor rate’ has crashed through the 5-cent barrierIt’s like breaking the 4-minute mile in running, except this broken barrier is going to cost you a lot of money.Add about a nickel to each kilowatt hour you use. So if you use 1,000 kWh a month, then you multiply a thousand times 5 cents and your bill jumps up to $50. Use 2,000 kWh and you pay $100. The previous rate was 0.038 or 3.8 cents.
The component that is charged per kWh increased by about 1.2 cents per kWh on Sept. 1. The fixed monthly charge did not change. The combined rate was up about 28% versus August rates. The August rate had actually dropped from earlier in the year due to how the Transmission Cost Recovery Factor works. Compared to last September, the total combined rate increased about 17%.We are continuing to see historic levels of growth and new customers on our system at a time of significant inflation.
It is typical to see an increase in September and a decrease in March, which is when the rate will change again. The Sept. 1 rate change accounted for the over $1.1 billion in new distribution facilities such as lines, poles and substations that Oncor built during 2022 to serve new and existing customers in our growing service territory.
I believe you are correct that this is the first time our aggregate rate is over five cents per kWh. This is due in part to the reasons discussed above . We recognize the impact of rising expenses for our customers and remain focused on making appropriate and necessary investments in an efficient and cost-effective manner, while continuing to provide safe and reliable service.Oncor’s rates are currently the lowest of any investor-owned utility in Texas. The Sept.
* Helping the widow of Officer J.D. Tippit, the Dallas police officer killed by Lee Harvey Oswald, get buried beside her late husband, The Watchdog investigative columnist. DAVE LIEBER is “The Watchdog” investigative columnist for The Dallas Morning News who fights for his readers and exposes bad practices in business and government.
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