Forecast Reflects Decreases from First-Quarter 2023
FOR IMMEDIATE RELEASE
Contact: Melissa Krause
Chief Communications and Strategy Officer
830.629.8440 | firstname.lastname@example.org
(New Braunfels, TX – March 1, 2023) – Current projections indicate New Braunfels Utilities (NBU) customers will see a decrease in the second-quarter cost of power compared to the first quarter of 2023. The decrease equates to a monthly savings of $7.20 in April and May and $10.80 in June.
The quarterly cost of power forecast is intended to help customers estimate and budget their electric utility costs. As customers prepare for warmer weather, electricity usage typically increases as customers cool their homes. By understanding the cost per kilowatt hour, customers can initiate conservation techniques to help lower their use and save money.
The table below reflects the calendar year 2023, second-quarter total cost of power forecast, based on a residential average of 1,200 kWh usage. The April and May monthly per kWh forecast is estimated at 11.81 cents, and June’s estimate is at 11.51 cents, plus the monthly Electric Service Availability Charge.
It is important to note that this quarterly forecast is subject to change should NBU experience extreme weather and/or energy market events. Definitions for each line item on the NBU bill and any necessary updates to the quarterly forecasting can be found at nbutexas.com/rate-breakdown.
The 2023 second-quarter cost of power is forecasted as follows:
|Line Item||April||May||April/May Monthly Electric Bill||June||June Monthly Electric Bill|
|Per kWh Charge Total||$.1181||$.1181||$.1151|
|Electric Service Availability Charge||$17.06||$17.06||$17.06||$17.06||$17.06|
The Residential Rate Calculator is available online to help NBU customers estimate monthly residential utility usage costs based on projected electricity, water, and wastewater use and other criteria.
The spring season is the perfect time to take advantage of NBU’s free home assessments and rebates,
To learn more, visit 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.