Wisconsin ratepayers to see refunds thanks to lower energy costs in 2018

Four of Wisconsin’s largest for-profit utilities will refund more than $25 million to ratepayers this fall as a result of lower-than-expected energy prices in 2018. Lower natural gas prices, the addition of renewable generation, and a stronger wholesale electricity market were among the reasons cited for the savings.

Madison Gas & Electric customers should see the largest of the refunds, which should range from about $3 to $20 for most households, based on the rates approved Thursday by the Public Service Commission…Alliant spokeswoman Annemarie Newman said if the plan is approved, the average residential customer could see refunds totaling about $20 next year, while small businesses could save up to $90…WPS and Xcel reported over-collections of $7.1 million and $3.7 million and will issue refunds of about 0.9 cents and 0.7 cents per kilowatt-hour…

Read the full article at: https://madison.com/wsj/news/local/govt-and-politics/wisconsin-ratepayers-to-see-refunds-thanks-to-lower-energy-costs/article_ffa4eb28-dff8-5c9a-b7b1-d296e46ce348.html