Southwestern Electric Power hikes rates in Arkansas

AP reports:

Southwestern Electric Power Co. has won regulatory approval for two rate hikes for its Arkansas customers.  SWEPCO said Wednesday that a base rate increase in December will raise residential bills by 5 percent, or $3.84 for a customer using 1,000 kilowatt hours per month. A second increase will go into effect upon completion next summer of a 508-megawatt, natural gas-fueled power plant in Shreveport, La. To help pay for the $386 million plant, Arkansas customers will see an increase of 4 1/4 percent, or $3.17 a month for 1,000 kilowatt users. Combined, SWEPCO customers will pay 9.41 percent more for electricity, or $7.01 per month for 1,000 kilowatt users. That comes to $84 per year.


One Comment on “Southwestern Electric Power hikes rates in Arkansas”

  1. Chris M says:

    Are you kidding me?

    That means the new price must be about $80.85 per 1000 kWH, or $0.08 cents per kWH. Where I live in Australia I am currently paying (in USD) just over $0.18 cents per kWH (+ 10% GST) and they are warning it is going up more. On top of that if the ’emissions trading bill’ passes (carbon tax) it is expected to rise at least another 25% & maybe more.

    Electricity at anywhere near $0.10 per kWH is super!

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