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Started By
Message
Entergy customers get ready, higher bills incoming.
Posted on 6/3/22 at 9:24 am
Posted on 6/3/22 at 9:24 am
Just received this email.
quote:
To our valued customer,
I wanted to inform you of two factors that will impact your bills in the coming months.
First, the cost of natural gas, which we use to operate numerous power generation facilities, continues to rise. Natural gas prices in April of 2022 were more than double those in April of 2021 and three times higher than April 2020. As a result, these higher-than normal costs will be seen on customer bills as increases to the Fuel Adjustment throughout the summer months and until there is some relief on this commodity pricing. Higher natural gas pricing is a factor that our customers should account for in their budgeting through the summer. For a customer consuming 1,000 kWh this would translate to roughly a $25 increase in June. Entergy Louisiana is deferring recovery of approximately $10 of that increase from June bills for future recovery leaving approximately $15 increase on June bills.
We will continue to work with the Louisiana Public Service Commission to spread out natural gas costs over several months, rather than placing them all on one bill.
Second, the severe weather that has impacted our region over the past two years, including hurricanes Laura, Delta, Zeta and Ida along with Winter Storm Uri have brought unprecedented challenges to every corner of our state.
Damages caused by these events were widespread and, in some instances, required an entire rebuild of our electrical infrastructure. Severe storms like those seen in 2020 and 2021 are an unfortunate reality to our portion of the country and like many of you, we also must do what is necessary to recover, rebuild and harden our system ahead of the next weather event.
Our team worked hand-in-hand with the Commission to help mitigate the impact of those restoration charges on our customers. After a thorough review, the LPSC approved earlier this year our plan to securitize those funds and spread those costs over a 15-year span, ensuring that our customers will pay the lowest possible price and incur a smaller burden per month on their bills.
The securitization approved by the Commission removes Entergy Louisiana’s profit on investment and is expected to save customers approximately $2 billion relative to traditional utility financing.
On average, a typical customer using 1,000 kWh can expect to see a roughly $9-10 increase on their Entergy bills beginning in June to go towards those restoration costs.
Also of note, the charges for hurricanes Katrina and Rita rolled off customer bills in 2018 and the charges for Gustav and Ike, which started in 2010, will expire later this summer.
It is important to note that Entergy does not profit off either natural gas price increases collected through the fuel adjustment or storm recovery costs. We will continue to do everything we can to assist those who are burdened by these increases along with the LPSC and our community partners.
We know these are difficult times; that’s why we wanted to give notice before these costs are seen on bills. Further, we have made several flexible payment options available to help those facing economic hardships.
We offer customers a number of bill payment assistance plans, including deferred payment arrangements for up to 12 months and payment extensions with waived late fees. Customers can visit entergy.com/mypaymentoptions to find an option that best fits their needs.
Additionally, we partner with many agencies across the state to help qualifying individuals receive payment assistance. For a full set of details, and to see what programs are available in your area, click here.
I want to again thank you for your patience, understanding and sense of community during what was a difficult time.
Posted on 6/3/22 at 9:25 am to SpartanSoul
Luckily we have options and can select a different power provider!
Posted on 6/3/22 at 9:26 am to SpartanSoul
Just wait until we get a few good hurricanes.
Those bills will be higher TigerDoc's T cell count
Those bills will be higher TigerDoc's T cell count
Posted on 6/3/22 at 9:26 am to SpartanSoul
If it only ends up being $10 I'll be happy
Posted on 6/3/22 at 9:27 am to SpartanSoul
quote:
It is important to note that Entergy does not profit off either natural gas price increases collected through the fuel adjustment or storm recovery costs.
Posted on 6/3/22 at 9:28 am to danilo
quote:
Luckily we have options and can select a different power provider!
Do you think natural gas prices are cheaper for them?
Posted on 6/3/22 at 9:29 am to PhillyTiger90
They're publicly regulated, so that statement is probably true.
Posted on 6/3/22 at 9:29 am to elprez00
quote:
Do you think natural gas prices are cheaper for them?
No way! I totally trust Entergy and value their word!
Posted on 6/3/22 at 9:34 am to danilo
quote:
I totally trust Entergy and value their word!
Right because the PSC totally just takes Entergy at their word when they set rate base pricing and increases. It’s a really neat meeting where they ask Leo how the kids are doing and after small talk he just asks for rate increases because “boy you see how crazy the market is” and the PSC is all like “Sure no problem. How much ya need?”
I’ve got no dog in this fight, but I always love these threads when people that have no fricking clue how regulated utilities work say shite like this.
Posted on 6/3/22 at 9:37 am to SpartanSoul
Also received this email right after getting my bill with a FIFTY PERCENT increase from the previous month. I about had a heart attack.
Posted on 6/3/22 at 9:38 am to SpartanSoul
Maybe they should shut down all coal fired power plants.
Posted on 6/3/22 at 9:38 am to SpartanSoul
quote:
To our valued customer
I always love the canned platitudes when they’re about to frick us over
Posted on 6/3/22 at 9:42 am to HouseMom
quote:
Also received this email right after getting my bill with a FIFTY PERCENT increase from the previous month. I about had a heart attack.
Summer bills will be fun.
Posted on 6/3/22 at 9:42 am to SpartanSoul
Is that from Entergy Louisiana or Entergy New Orleans?
Posted on 6/3/22 at 9:46 am to TigerintheNO
Louisiana. It's about rebuilding their infrastructure after the hurricanes, so we get to pay for it.
Posted on 6/3/22 at 9:46 am to SpartanSoul
Other things that will become more vastly more expensive this year:
Posted on 6/3/22 at 9:51 am to SpartanSoul
People are getting fricked from every angle.
Thank God there are no more mean tweets though…
Thank God there are no more mean tweets though…
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