Residential customers of Tucson Electric Power in Arizona will pay an average of $11 more per month on their electric bill starting next month.
The utility says the new rates will offset the cost of grid improvements, technology and security upgrades, new wind and solar power resources, and other investments made since 2018. as well as higher energy and operational costs. The grid improvements cost nearly $1.8 billion and include new poles, transformers, power lines and renewable resources, according to the company.
The fee increase will take effect on Sept.
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“We know you depend on safe, reliable electric service to power your life,” a spokesperson said in a video released by TEP. “That’s why Tucson Electric Power is investing in a smarter, stronger and cleaner energy grid that can keep up with our modern lifestyles.”
The video goes on to say that pre-rise rates are based on costs from 2018.
The news could be worse for customers. Tucson.com reported that a judge at the commission’s hearing recommended an increase of 14%, nearly $18 a month, by shifting more costs from businesses to residential customers.
What to do about rising energy costs?
An alternative for customers worried about rising prices is rooftop solar, which can be especially rewarding in a sunny state like Arizona. CNET has one that explains how solar panels can help you combat rising electricity prices by reducing your reliance on the electrical grid.
Solar panels have an upfront cost to be aware of, but can save you money in the long run, as well as protect against future inflation or rate increases. To learn more, check out CNET’s guides to the best solar companies, installers and solar panels.
