AUSTIN, Minn.— Utility rates are going up in Austin.
The Austin Utilities Board of Commissioners approved rate adjustments at their Tuesday meeting that will go into effect with the January 2018 bill.
Electric rates will go up 1.5% and water rates will increase by 4.9%. Natural gas rates will remain unchanged.
Austin Utilities says the rate hikes are because of increasing energy costs and necessary infrastructure improvements. It says the average residential customer will see an extra $2.84 per month and small to mid-sized business customers can expect anywhere from $15.72 to $86.28 extra on their monthly bill.
“We understand the financial impact these increases have on our customers, and we are working hard to keep costs down,” says Mark Nibaur, General Manager. “Reliability is the number one concern of our customers and keeping our infrastructure up to date allows us to provide reliable service.”
An additional change will be a shift of costs from the energy charge to the customer charge on bills. Austin Utilities says the customer charge is a set amount regardless of energy usage and this change is to “fairly recover distribution costs from all customers.”
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