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Rocky mountain power rates
Rocky mountain power rates











The pilot program is open to the first 500 customers who sign up. A new time-of-use pilot program will also help participating customers save money if they move a significant portion of their energy use outside of daily peak demand hours of 7 a.m. Other items included in the rate change are Wyoming’s share of the costs to convert Naughton Unit 3 to natural gas, the installation of selective catalytic reduction retrofits on certain generating units, and new rate designs for Wyoming customers that will more fairly reflect costs across different usage levels. These investments in Wyoming nearly doubled the amount of renewable energy capacity available to serve customers while also decreasing emissions and are expected to save customers several hundred million dollars compared to alternatives. “Between now and then,” Fain said, “Rocky Mountain Power will continue to aggressively control its costs, plan for a safe, reliable, modern electric system and work hard to maintain the company’s position as one of the lowest-cost energy providers in the nation.”Īfter five years of steady investment without raising prices, the new rates include implementation of Rocky Mountain Power’s Energy Vision 2020 renewable energy and transmission initiative as well as the repowering of the company’s existing wind projects, all of which extend Wyoming’s strong history of being the nation’s leading energy producer. “Our future plans will continue to provide Wyoming and her communities with a competitive edge, the right tools and strategy to achieve the best outcome.”įain explained that the benefits of the federal Tax Cuts and Jobs Act of 2017 will continue for the next three years, helping to offset the costs of prudent and vital investments made during the past five years of rate stability. “Wyoming enjoys some of the most reliable and affordable power in the nation, making the state a very attractive destination for companies looking for a competitive advantage,” said Sharon Fain, Rocky Mountain Power vice president for Wyoming. Rocky Mountain Power’s continuing prudent and efficient management of system resources means customers will continue to see rates that are even lower than the company’s prices in 2017, before reductions from federal tax reform were passed on to customers-and well below the rate of inflation over that time. Large industrial customers, representing more than 60 percent of the electrical usage in Wyoming, will see decreases of 8.0 percent for Schedule 46, large general service and 8.4 percent for Schedule 48T, transmission voltage.Īs the lowest-cost major electric utility in the Intermountain West, Rocky Mountain Power’s average electric rate is more than 10 percent lower than the average price in Wyoming and 34 percent lower than the national average. A typical residential customer using 660 kilowatt-hours per month will save about $25.44 on their annual energy bill. On average, residential customer bills will decrease 3.1 percent as a result of the order. Together, the average net price change from the general rate review and the energy cost adjustment is an average 5.9 percent decrease. In a separate decision, the commission approved a decrease of 2.4 percent in the company’s annual Energy Cost Adjustment Mechanism on an interim basis. The energy cost adjustment tracks the difference between forecast and actual power costs, which include the costs of fuel and purchased power. Overall, customer bills will go down an average of 3.5 percent as the remaining benefits of the federal Tax Cuts and Jobs Act of 2017 are passed through to customers over the next three years. JThe Wyoming Public Service Commission approved new rates for Rocky Mountain Power customers, following an extensive review that began last year. The only time that solar panels are not producing excess energy is during non-peak times such as night-time hours, and days with heavy cloud cover or during winter months when electric power rates are the least expensive and when usage is at its lowest.CHEYENNE, Wyo. Summer months see the heaviest drain on the power grid by non-solar power customers, however,solar panel owners produce energy instead of draining energy.Īccording to a recent study conducted by Rocky Mountain,solar panel owners are a drain on the current grid system and cause non-solar panel owners to pay more for its energy consumption when power rates are the most expensive. Solar panel customers receive a small credit in return for the excess energy.

rocky mountain power rates

Rocky Mountain purchases the excess energy at a reduced price, and then resells it at a higher price to its customers.ĭuring peak production times,solar panels can produce excess amounts of energy which is then stored on a grid system that is owned by Rocky Mountain Power. Currently, solar power customers are charged a fee for storing excess energy on RMP’s power grid.













Rocky mountain power rates