ARIZONA - The Arizona Corporation Commission just approved the Arizona Public Service's rate hike.
Customers can expect to see an increase of 4.5 percent or about six dollars per month with the hike going into effect starting Saturday.
The company offers programs for Arizona residents that could decrease what they pay monthly depending on when using major appliances.
“Arizona’s energy consumers are the clear winners here because this agreement enables investment in a smarter, cleaner energy infrastructure, gives customers more choice and control through new rate options, and continues Arizona’s solar leadership,” said Don Brandt, APS Chairman, President, and CEO.
The approved rate agreement includes:
· A $10 million to $15 million per year investment in an AZ Sun II rooftop solar program in which limited- and moderate-income customers would receive a monthly credit to allow APS to install rooftop solar systems on their homes;
· A $15 million refund of surplus energy efficiency program funds to customers;
· Increased program funding, annual crisis bill assistance and a simplified monthly bill discount for limited-income customers;
· Grandfathering for existing private solar customers; and
· Four new off-peak holidays, increasing the total number to 10.
APS will inform customers about the rate adjustment starting in the fall about how they can pick a new rate plan. The new rate options include incentives for more efficient use of energy and additional opportunities to save money.
APS will not be able to ask for another rate hike until at least 2019.