El Paso Electric to issue bill credits for customers over next three months
EL PASO, TEXAS (KFOX14/CBS4) — El Paso Electric customers can again expect to see credits on their bills over the next three months.
According to EP Electric, the average residential customer will receive a credit of approximately $9.61 on their September and October bills.
Meanwhile, in November, the credit will be approximately $5.42.
The credits will appear on the fuel charge line item on customer bills, as the fuel factor is designed to recover the cost of the fuel used to generate electricity, a cost that EP Electric incurs to provide electricity to its customers.
However, EP Electric does not earn a profit on fuel costs.
While refund amounts will vary for Texas customers based on their current rate service, EP Electric periodically adjusts fuel factors to more accurately reflect the current and forecasted cost of fuel. However, fuel adjustments in New Mexico occur on a monthly basis.
This is not the first time EP Electric has said customers will see credits on their bills.
In March, EP Electric announced customers would see credits from April to June, with the average residential customer receiving a bill credit ranging from $8.24 to $15.05 each month over three months.
The credits come after EP Electric previously filed an application to implement an interim fuel refund with the Public Utility Commission of Texas.
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