The long-awaited consulting report on pass-through electricity
charges was released Friday, calling for an immediate 800 percent
increase in the energy cost adjustment factor and increases every
quarter that will raise overall power rates by more than 20 percent
within a year.
The massive increases are being sought as DWP
officials face intense pressure to have a revenue sream to be able to
lose at least four deals to buy solar and wind energy to meet the
stand-mandated goal of 20 percent renewable energy by the end of this
calendar year.
For the year ending June 2009, the residential rate
was 11.8 cents.
For the year ending June 2010, the residential
rate per the budget is projected to be 13.1 cents.
A 2.7 cent
increase is a 20.6% increase based off of the 2010 number, or 22.9% off
of the 2009 number.
If you add the 2.7 cent increase to the 13.1,
you arrive at 15.8 cents — a 33.9% increase over the 2009 rate.
Click
here for the full report by PA Consulting.