Bluebonnet Members to Pay Less for Electricity Beginning in December
Lower-than-projected natural gas prices mean the average Bluebonnet member will save about $5 per month beginning with their December electric bill. Bluebonnet’s board of directors unanimously agreed to reduce the fuels portion of the rate members pay on their electric bill. The reduction means members who use 1,000 kilowatt hours per month will pay about $109, down from about $114.
“We constantly monitor the cost of electricity in the wholesale power market and pass along savings to our members whenever we can,” said Mark Rose, Bluebonnet’s general manager. “Our wholesale power providers are already very competitive with their prices and that gets even better for our members when the cost of natural gas drops and stays lower for a while.”
Bluebonnet buys 90 percent of its power from the Lower Colorado River Authority and 10 percent from CPS Energy, San Antonio’s municipally owned utility. Natural gas makes about half of LCRA’s wholesale power supply. CPS generates about 15 percent of its power from natural gas. As fuel prices fluctuate, particularly natural gas, Bluebonnet passes the cost savings or increases to its member through a power cost recovery factor, which is one of the components that make up its members’ electric bills. The other components of the bill - the member service charge, the distribution rate and the base wholesale rate - stay constant.
Bluebonnet Electric Cooperative is one of the largest electric cooperatives in Texas and has been serving its members since 1939. For more information about Bluebonnet Electric Cooperative, go to our website at www.bluebonnetelectric.coop and follow the co-op on Facebook, Twitter and The Bluebonnet Blog at blog.bluebonnetelectric.com.