FOR IMMEDIATE RELEASE -- March 16, 2023
Contact: Kevin Kelly (573) 751-9300
PSC Approves Change to Evergy Missouri Metro Fuel Adjustment Charge
JEFFERSON CITY---The Missouri Public Service Commission has approved a filing made by Evergy Metro, Inc. d/b/a Evergy Missouri Metro (Evergy Missouri Metro) to adjust the fuel adjustment clause (FAC) charge on the bills of its electric customers.
Evergy Missouri Metro made two filings with the Commission. In its first filing (ER-2023-0245), Evergy Missouri Metro proposed to adjust the FAC to reflect changes in its fuel and purchased power costs, net of off-system sales revenues incurred by the Company from July through December 2022. The second filing was Evergy Missouri Metro’s FAC true-up (EO-2023-0244).
For a residential customer using 1,000 kWh (kilowatt-hours) of electricity a month, the FAC will increase from a current bill credit of approximately $3.49 a month to an FAC charge of approximately $0.96 a month. The change will take effect on April 1, 2023.
The FAC tariff allows the company to pass increases or decreases in its net fuel and purchased power costs to customers outside of a general rate case.
The FAC allows the company to recover most – up to 95 percent – of its costs, but not all, to encourage conservation and prudence in fuel use by the company. Any charges resulting from the fuel adjustment clause must appear in a separate category on customers’ bills.
Fuel adjustment charges are intended to help companies deal with volatility in fuel pricing. The FAC tariff requires regular adjustments to reflect changes in prices the company has incurred for fuel and for wholesale power purchased to serve customers.
Evergy Missouri Metro serves approximately 300,840 electric customers in the Missouri counties of Carroll, Cass, Chariton, Clay, Howard, Jackson, Johnson, Lafayette, Livingston, Pettis, Platte, Randolph and Saline.