Phase-in of ‘evolving industry’ rate begins
Grant PUD says electricity rates will not go up this year for most customers, but the first of a three-year phase-in of the new Rate Schedule 17 for higher-risk “evolving industry” customers will begin as planned on April 1.
Rate 17 protects Grant PUD and its core customers from unintended cost shifts from new, nascent, power-intense industry. Currently, only cryptocurrency mining firms are scheduled to take service under Rate 17.
Evolving-industry customers whose billing demand is less than 200 KW (formerly Rate Schedules 1 and 2) will see the first of three annual adjustments to increase their all-in electricity rate from the current 4.9 cents per kWh to 13.7 cents per kWh in 2021, according to the press release. Larger evolving-industry customers (formerly Rate Schedule 7, 14, 15) will get the first of three annual adjustments to increase their all-in rate from 2.6 cents per kWh to 7.9 cents per kWh in 2021.
By Post-Register Staff