"The program – put into place as part of a compromise to raise power rates starting this spring to pay for environmental upgrades — is based on a complicated formula that kicks in when temperatures vary greatly from their 15-year averages. As a result, the Cayce-based utility’s 660,000 electricity customers will pay less for every kilowatt hour of power that they use during unusually hot periods over the summer and cold periods over the winter, Boomhower said.
On the down side, customers will pay more for every per kilowatt hour of power that they use when seasons are milder and, as a result, they use less power, he said."
Wednesday, December 29, 2010
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