Wisconsin Public Service, has filed a request with the Public Service Commission of Wisconsin (PSCW) to modify its filing for retail electric and natural gas rates for 2013. This request, if approved, will result in no electric rate increase and a small natural gas rate decrease for next year.
David Kyto, WPS Rate Case Director said that current economic forecasts have improved over those used in the initial filing. He said “We have a refund to pass along to customers. We propose to use that refund to offset increased costs.” Some of those savings are from lower fuel costs. If the Commission agrees, there will be no electric rate increase for 2013.
Kyto noted that the filing continues a trend in which WPS retail electric rates have been stable for several years – with an average increase of less than one (1) percent per year for six years.
Retail natural gas rates have actually decreased during that time period.