Entergy Texas Announces New Fuel Factor Cost
Beginning in September, Entergy Texas, Inc. customers will see the average 1,000 kilowatt-hour bill increase by about $5, from $122.44 per month to $127.28.
The increase is the result of an increase in the company’s fixed fuel factor. The factor is set twice a year based on market prices of fuel for the first two weeks of February and again in August. The factor is then reflected on customer bills in March and September. The result of the set price remains on bills until the factor is changed again. This September’s increase reflects the volatility of the energy market and rising natural gas prices. From March through August of this year, the fixed fuel factor was set at $67.96 per 1,000 kilowatt-hour bill. The increase will bring this charge to $72.80.
Entergy Texas makes no profit on fuel costs. All fuel costs are pass-through charges set according to a formula approved by the Public Utility Commission of Texas and are subject to review by the PUCT.
Entergy Texas recognizes the hardships rising prices can create for customers. The company takes an active role in helping customers conserve energy and better manage their bills through its “Simple Steps” program that details ways customers can save. The company also provides bill payment assistance for qualified senior citizens and/or the disabled through Power to Care, a program administered by charitable nonprofit agencies throughout Southeast Texas. Additionally, the company supports energy efficiency programs that in 2007 will spend about $3 million on weatherization programs across its service territory. This includes weatherization of nearly 4,000 customer homes. The program budget is expected to more than double in 2009.