You might see your Avista bill jump as soon as December 2022
SPOKANE, Wash. — Your monthly Avista bill could increase as early as December of 2022.
Avista and other parties have reached a settlement agreement that was sent to the Washington Utilities and Transportation Commission for consideration.
New rates would be taken into effect in December 2022 and December 2023.
How does this get put into play, exactly?
For your electric bill, effective in December of 2022, if you use an average of 932-kilowatt hours a month, you could see a monthly bill of $89.99. Effective 2023, the bill would be $92.23.
For your natural gas bill, if you use an average of 67 therms per month, you could see a monthly bill of $65.06 effective December 2022. In December 2023, the monthly bill would be $65.58.
If it is approved, annual electric revenue will increase by $38 million and $12.5 million in December 2022 and December 2023 respectively.
Annual natural gas revenues will increase by $7.5 million and $1.5 million respectively in December 2022 and December 2023.
The settling parties have agreed to offset some of the 2022 base rate request with a Residual Tax Customer Credit to help mitigate the impact of rising costs for customers.
Customers will have the estimated benefits returned to them incrementally over a two-year period from December 2022 to December 2024.
“We are pleased that the parties were able to reach a joint recommendation to the Commission in this case,” said Dennis Vermillion, Avista president and CEO. “If approved, this outcome provides a positive framework for our Washington operations that benefits both our customers and shareholders. We take our responsibility to provide safe, reliable energy at an affordable price very seriously, and we have and will continue to work hard to manage our costs and identify ways to best serve our customers that contribute to keeping energy prices affordable.”
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