Austin City Council has approved new Austin Energy rates that will increase customers’ bills by roughly $9 a month. | England_Weber
document filings and countless hours of grueling negotiations later, Austin Energy has new electricity rates.The plan, which Austin City Council passed on a 7-4 vote Thursday, raises electricity rates overall and increases a flat-rate monthly charge from $10 to $13. The charge will increase to $14 in 2024 and $15 the following year. That’s a win for customer advocates, who pushed back against a previous plan to hike that charge up to $25 all at once.
Austin Energy previously said it needed a new rate structure to make up a roughly $36 million gap in revenue. After pushback from customer advocates, it lowered that gap to $31 million last week and then to $29.5 million on Thursday. Ahead of the vote, Austin Energy General Manager Jackie Sargent said the utility was amenable to the plan.
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