Higher electric rates for customers in Seattle, Washington
2/6/2024 10:55:13 AM
CATEGORIES:
Relief, Response & Restrictions
Water Supply & Quality
AFFECTED AREAS:
King County, WA
Seattle, WA
Start Date: 1/1/2024
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Poor hydropower production and other factors led Seattle City Light to raise its rates by about 9.5% effective January 2024. The Seattle City Council approved a 4.5% rate increase in the autumn of 2023. A 4% rate increase was due to the year being poor for hydropower production. The utility spent millions of dollars from its emergency fund, or Rate Stabilization Account, as hydroelectric dams did not produce enough energy to meet demand and additional power was purchased. A 1% increase was from the Bonneville Power Administration. The 9.5% rate increase will mean paying another $9 or so for the average customer.
KIRO-TV CBS 7 (Seattle, Wash.), Oct. 13, 2023
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