No Electricity Rate Increase Expected for 2014 - NBC Right Now/KNDO/KNDU Tri-Cities, Yakima, WA |

No Electricity Rate Increase Expected for 2014

Posted: Updated:

RICHLAND, WA - The City of Richland Energy Services says it doesn't think retail electric rates will need to increase next year... For now.

Although RES staff members project a 4% average revenue deficit, they say reserve funds and internal cost controls will cover it.

"We're happy to announce our intention to keep electric rates level in 2014," says Bob Hammond, Energy Services Director. "We understand that rate increases impact all customers. Our staff emphasis is on efficient operations in order to keep our costs as low as possible while providing reliable service to our customers."

BPA has announced wholesale power rate increases of approximately 7% for RES that became effective October 1, 2013. 

Assuming normal weather patterns and no substantial operating cost increases, RES says the increased costs should be covered through 2014.

However, the wholesale power rate increases will probably also drive a retail rate up in 2015. RES will conduct another cost of service analysis in early 2014 to determine the extent of the rate increase anticipated for 2015. 

To learn more information about RES and energy efficiency, click here