Electric rate increases and cost of service study

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Providing safe and reliable electricity is a priority for City of Columbia Water & Light. In order for the Utility to maintain dependable operations, Water & Light customers will see an increase in their electricity rates. The new rate structure went into effect July 1, 2023.

This is the first electric rate increase since Oct. 1, 2018.

This change will impact the customer base charge and the usage costs.

The standard residential customer charge will increase from $16.31 per month to $22 per month. Usage rates are dependent on the customer’s rate class. For a breakdown of utility rates, please visit CoMo.gov/utilities/utility-rates. Customers can monitor their usage by signing up at MyUtilityBill.CoMo.gov.

This rate increase was recommended based on the recent cost of service analysis performed by The Prime Group. It is designed to ensure the Utility can meet an increase in operation and maintenance expenses, maintain cash reserve levels and ensure adequate debt coverage for Water & Light.

The City Council also approved a Power Cost Adjustment (PCA) rate that is expected to go into effect Oct. 1, 2023. A PCA provides Water & Light an accurate way of recovering unexpected power costs incurred by fluctuating prices.

To encourage and promote energy conservation, City of Columbia Utilities has a suite of programs ranging from free energy assessments to rebates for installing energy efficient appliances. You can find low-cost energy saving tips, information about efficiency programs and available rebates at ColumbiaPowerPartners.com.

The City has doubled funding toward the Utility Assistance Program, increasing it to $600,000 in FY 22 from previous years. This program is used for customers seeking assistance to pay utility bills. Columbia/Boone County Public Health & Human Services offers the Utility Assistance Program for eligible electric and water customers. For more information call 573.817.6430 or visit CoMo.gov/health/human-services. Utility assistance and home weatherization are also available through Central Missouri Community Action. CMCA can be contacted at CMCA.US or 573.443.3500.

Providing safe and reliable electricity is a priority for City of Columbia Water & Light. In order for the Utility to maintain dependable operations, Water & Light customers will see an increase in their electricity rates. The new rate structure went into effect July 1, 2023.

This is the first electric rate increase since Oct. 1, 2018.

This change will impact the customer base charge and the usage costs.

The standard residential customer charge will increase from $16.31 per month to $22 per month. Usage rates are dependent on the customer’s rate class. For a breakdown of utility rates, please visit CoMo.gov/utilities/utility-rates. Customers can monitor their usage by signing up at MyUtilityBill.CoMo.gov.

This rate increase was recommended based on the recent cost of service analysis performed by The Prime Group. It is designed to ensure the Utility can meet an increase in operation and maintenance expenses, maintain cash reserve levels and ensure adequate debt coverage for Water & Light.

The City Council also approved a Power Cost Adjustment (PCA) rate that is expected to go into effect Oct. 1, 2023. A PCA provides Water & Light an accurate way of recovering unexpected power costs incurred by fluctuating prices.

To encourage and promote energy conservation, City of Columbia Utilities has a suite of programs ranging from free energy assessments to rebates for installing energy efficient appliances. You can find low-cost energy saving tips, information about efficiency programs and available rebates at ColumbiaPowerPartners.com.

The City has doubled funding toward the Utility Assistance Program, increasing it to $600,000 in FY 22 from previous years. This program is used for customers seeking assistance to pay utility bills. Columbia/Boone County Public Health & Human Services offers the Utility Assistance Program for eligible electric and water customers. For more information call 573.817.6430 or visit CoMo.gov/health/human-services. Utility assistance and home weatherization are also available through Central Missouri Community Action. CMCA can be contacted at CMCA.US or 573.443.3500.

Page last updated: 13 Jul 2023, 04:52 PM