The Austin City Council unanimously approved a system average 7% rate increase for Austin Energy reflected on electric bills starting in October 2012.
The approval provides Austin Energy an additional $71 million annually with a plan to further assess rate adjustment needs in 2014.
Austin Energy originally requested a $127 million increase in revenues annually, about a 12.5% system-wide increase. This increase in base electric rates and update to the rate structure is the first since 1994.
Two ways to review the approved rates
1. Download the complete City of Austin electric rates schedule (pdf)
2. Download portions of the electric rates schedule:
Both Residential and Commercial
Rate Questions to:
Ed Clark, Public