GP&L Customers to Pay Less for Electricity
Garland, TX, May 26, 2010 – Just in time for the hot summer months, GP&L announces that customers will pay less for their electricity. Beginning June 1, the Recovery Adjustment Factor (RAF) component of the rate for electric service will go down a penny, from $0.0644 to $0.0544 per kWh. The average GP&L customer uses 1,550 kWh during the summer months. At this usage, the electric bill will decline from $192.12 to $176.62.The RAF component of the rate allows for the recovery of the electric system’s total revenue requirements not recovered under the Customer Charge and Energy Charge. This decrease in the RAF has been made possible by sustained lower market prices for the natural gas used to generate power and new procedures at GP&L which have reduced operating costs.
“I am excited that we are able to lower the cost of electric service for our customers,” said Electric Utility Director Ray Schwertner. “I’m especially pleased that we are able to implement this decrease as the summer cooling season begins!”
