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Wed Aug 10, 2022, 09:36 PM

Seattle City Light proposes rate increase for residential customers

Seattle City Light proposed rate increases of at least 5% for residential customers during a city council hearing on Wednesday.

Under the proposal, rates for residential customers would increase an average of 5.7% in 2023 and another 5% in 2024. That translates to an increase of about $5 or less for monthly bills.

Pointing to inflation and rising costs of materials and labor, City Light said the increases are needed in order to deliver "reliable, clean and socially-responsibility electric services for the next two years."

Customer bills were not increased in 2021 due to the COVID-19 pandemic, City Light said in its strategic plan. In 2022, City Light increased customer bills by 2.1%, less than the 3.9% approved in the last strategic plan.

https://www.msn.com/en-us/money/companies/seattle-city-light-proposes-rate-increase-for-residential-customers/ar-AA10x07m

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