Paducah Power System customers should see a drop in their bills beginning in July after suffering from high bills during this year’s arctic winter. The company’s Power Cost Adjustment is dropping 40 percent.
The PCA is tied directly to the operating performance of its power supplier Prairie State Energy and covers the wholesale power cost so Paducah Power doesn’t have to change its base rates every month.
“We know the high PCA in the past five months has been painful for out residential and business customers, especially during the really cold months,” PPS General Manger Dave Clark said in a press release. “We are doing everything we can to get the Prairie State Plant Operating like it’s supposed to, and we believe we’re on the cusp of normal operations there, which has prompted us to take this step.”
Rates jumped to $.0359 per kilowatt-hour in February due to Prairie State’s lackluster performance resulting in an increase in power bills during the bitterly cold winter.
“Hopefully, the PCA will continue to trend downward in the coming months, and this adjustment on July first will help customers during the summer months when their usages rises,” Clark said.
The new PCA will be $.0215 per kilowatt-hour.
