New Braunfels Utilities Releases 2023 First-Quarter Cost of Power Forecast
Forecasting No Change from Fourth-Quarter 2022
FOR IMMEDIATE RELEASE
Contact: Melissa Krause
Chief Communications and Strategy Officer
830.629.8440 | firstname.lastname@example.org
(New Braunfels, TX – December 1, 2022) – As New Braunfels Utilities (NBU) customers prepare for the winter season, NBU remains committed to timely communication in an effort to help customers project their electric utility costs. In September 2022, NBU shifted from reporting the monthly cost of power to quarterly forecasting power costs to help consumers budget for their electricity bills.
The table below reflects the calendar year 2023 first-quarter total cost of power forecast, based on a residential average of 1,200 kWh usage. The monthly per kWh forecast is estimated to be 12.4 cents plus the monthly Electric Service Availability Charge.
It is important to note that this quarterly forecast is subject to change should NBU experience extreme weather and/or energy market events. Definitions for each line item on the bill and any necessary updates to the quarterly forecasting can be found at nbutexas.com/rate-breakdown.
The 2023 first-quarter power costs are forecasted as follows:
|Line item||January||February||March||Monthly Electric Bill|
|Per kWh Charge Total||$.1241||$.1241||$.1241|
|Electric Service Availability Charge||$17.06||$17.06||$17.06||$17.06|
In November 2022, NBU customers began receiving redesigned, simplified bills reflecting these line items. Implementing feedback from its customers, NBU redesigned the bills to display the costs associated with providing electric services.
New Braunfels Utilities’ customers can use the Residential Rate Calculator to estimate monthly residential utility usage costs based on projected electricity, water, and wastewater use and other criteria.
Taking simple conservation measures can help reduce water and electric use, ultimately minimizing your utility bill. Customers can access NBU’s Conservation tips at nbutexas.com/conservation.
About New Braunfels Utilities:
New Braunfels Utilities (NBU) strives to be a trusted community partner dedicated to excellence in service and is one of 2,000 community-owned, nonprofit public power electric utilities in the nation. With a mission of strengthening our community by providing resilient essential services, NBU is governed by a Board of Trustees comprised of residents appointed by the New Braunfels City Council. New Braunfels Utilities provides electric, water, and wastewater services. Utility revenues are continually invested back into the systems of the customers, which benefits the community. New Braunfels Utilities makes an annual transfer to the City of New Braunfels, which in turn helps to pay for services such as fire, police, and parks. Follow NBU on Facebook at facebook.com/newbraunfelsutilities, on Twitter at @nbutexas, and to learn more, visit nbutexas.com.