Sunday, June 24, 2018

Georgetown Electric Rates

The City posted the electric rates for various entities in the 2017 Comprehensive Annual Financial Report. Here are some of those rates:


Two observations:
Residential rates including transmission costs and purchased power adjustment is $099.8 per kWh or $99.8 per mWh. Recall the Mayor has told us that wind power costs $18 per mWh. Thus the citizens are being charged more than 5 times the cost for the electricity at their home. It is understandable that the City has to charge enough to cover the operation of the Georgetown Electric Company, but, 5+ times!

Secondly, notice that the school district is being charged $118.0 per mWh including transmission costs and purchased power adjustment. There are 19 schools in GISD. The City charges itself $66.50 per mWh for electricity. The school district obtains it funding from the taxpayer, so why is it charged almost 2X what the City charges itself? Just a stealthy way to extract more money from property owners!

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