Vol. 20   No. 3
Fall 2015
  • MGE Talks Business
News Briefs

MGE lowers customers' bills due to lower fuel costs

MGE lowers customers' bills due to lower fuel costs

The credit on your MGE electric bill is the result of the reduced cost of fuel to generate electricity.

The Public Service Commission of Wisconsin (PSCW) approved Madison Gas and Electric's (MGE) request for an interim fuel credit. The credit applies to electric customers' bills from Sept. 1, 2015, through Dec. 31, 2016.

The interim fuel credit of $0.00256 per kilowatt-hour is reflected on your bill. This interim credit may be adjusted following a PSCW review.

MGE requested this credit due to a change in our variable fuel costs for electric generation and for purchased power. The cost of fuel to generate electricity has decreased.

Fuel costs are modified annually. MGE's fuel credit is a "true up" under the PSCW's fuel rules—the original costs projections for fuel versus actual costs.

This is an interim fuel credit because the PSCW will be conducting a review to make a final determination regarding MGE's 2016 fuel cost plan. Any adjustments to the credit for 2016 will be made following the completion of the commission's review and issuance of a final order.

Note to Green Power Tomorrow (GPT) customers

If you purchase 100% of your electricity through GPT, you will not receive the credit because you did not pay for the fuel and purchased power covered by this credit.

If you purchase less than 100% of your electricity through GPT, you will receive the credit only on electricity not covered by GPT. For example, if you purchase 60% green energy, then you will receive the credit on 40% of your kilowatt-hours.

If you have questions about the credit, please call MGE at 608-252-7007.