Due to the rising cost of natural gas, Power Smart Pricing customers will be impacted with higher electricity costs that we expect to last through 2022. When demand for electricity outpaces the supply, natural gas generators are used to keep up. And natural gas prices are soaring, reaching their highest level since 2008.
Power Smart Pricing is a supply rate program for residential electric customers where the price you pay for electricity varies hour by hour based on actual market prices. Your bill is calculated using the hourly market prices and your corresponding hourly usage. With Power Smart Pricing, you can manage your electricity costs by using energy wisely during hours when prices are higher.