Cost of power coming down - Coeur d'Alene Press: Business

Cost of power coming down

Gas, electric decreases effective for Avista customers on Oct. 1

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Posted: Saturday, September 29, 2012 12:00 am

North Idaho customers of Avista Utilities are getting reductions to both their electric and natural gas bills effective Oct. 1.

The Idaho Public Utilities Commission approved three Avista applications that reduce rates largely due to declining natural gas prices. Combined, rates for natural gas customers decrease by about 5.6 percent and electric rates about 1.3 percent.

A fourth application, a proposed 2.1 percent reduction to Avista's annual Power Cost Adjustment surcharge, is expected to be ruled on soon.

The largest decrease, about 3 percent, comes from Avista's annual Purchased Gas Cost Adjustment.

Avista said costs associated with providing gas supply for customers vary from year to year as the wholesale price of natural gas and transportation-related expenses change.

Natural gas utilities in Idaho file a PGA at least yearly to account for those changing prices.

Overall, prices today are lower than they were in 2011. Consequently, the company will reduce by $2.14 million the amount it collects in its PGA account. Another $1.55 million of an un-refunded credit balance will be used to offset a potential rate increase next April. Avista has filed a notice with the commission to file a combined electric and natural gas base rate case on or after Oct. 10 for proposed new rates that, if adopted, would be effective in April.

A second gas rate decrease, 2.6 percent, is attributable to the temporary suspension of programs to fund natural gas efficiency programs.

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  • greyhound2 posted at 8:58 am on Sat, Oct 6, 2012.

    greyhound2 Posts: 789

    Despite TV ads promoting recent discoveries of abundant, low cost supplies of natural gas, cost savings in supplies are NEVER passed on the captive ratepayers of a utility monopoly. In energy supplies, the market is not free, it is totally rigged.

  • my own opinion posted at 8:17 am on Sun, Sep 30, 2012.

    my own opinion Posts: 397

    I seal all windows with that foam tape(frost king) and the doors too, It works well as I am in the direct wind as it wraps around my place no trees to block winds. Mister D I use a blanket also and socks to keep warm Avista is a pig and how they charge their multiplier if you set a temp just above your pipes freezing and they freeze and the insurance I pay for fixes them. It is a cycle I manage to not freeze myself and I thank god for that. seal up the spaces that loose heat and you will be warmer, put plastic shrink wrap on your windows helps and you cant tell it is there if you do it right. Then it comes off easy when spring is back. I will be warmer this year.

  • mister d posted at 8:36 am on Sat, Sep 29, 2012.

    mister d Posts: 1531

    I compare my bill monthly from the previous year and compare my useage each month from the AVISTA statement and all I ever see are increased monthly costs even though useage has been lower many months. It will be nice to finally see a decrease in the amount spent. Maybe this winter I can actually not have to cover up with a blanket nearby while I watch TV.

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