The PSC also approved SCE&G’s request for a mid-period reduction to its fuel costs. Additionally, the PSC approved a reduction to SCE&G’s Demand-Side Management Rider to Retail Rates (“DSM Rider”).
The total approved increase, along with the decrease to fuel costs and the decrease to the DSM Rider, results in a net impact to retail electric customers totaling 1.38 percent, or approximately $32 million. Beginning in January 2013, overall rates will increase as follows:
|
Residential customers |
1.80% |
|
Small commercial customers |
0.08% |
|
Medium commercial customers |
0.63% |
|
Large commercial/industrial customers |
1.67% |
The monthly bill of a residential customer using 1,000 kilowatt hours of electricity would increase by approximately $2.59.
Keller Kissam, SCE&G's president of retail operations, said the company's base rate filing was primarily driven by increased costs associated with improving reliability and ensuring regulatory compliance.