This December, CPS Energy customers will receive a credit from the City of San Antonio as part of recent action by the City Council, according to a press release from CPS Energy.
The rebate comes after high natural gas prices, and extremely hot summer weather led to outstanding customer bills and revenues to the city that exceeded normal expectations, said CPS Energy.City’s Fiscal Year 2023 budget“Returning this revenue is the least the City can do for the public, which owns CPS Energy and deserves consideration at a time when high energy prices are taking a toll on household budgets,” said Mayor Ron Nirenberg.
All active CPS Energy electric customers will receive direct credits based on their July 2022 electric usage, said CPS Energy. In total, customers will receive $42.5 million, which will be credited to all CPS Energy electric customers in the same way it was collected, with the average residential customer receiving a $29 credit.
The range of a customer’s credit will be based on their July electric usage in kilowatt hours , as shown below:2,001 – 4,000 kWh, credit $36 – $72 Additionally, the city council approved the remaining $7.5 million to help low-income customers who have past-due balances with up to $300 in assistance, which cannot exceed their total past due balance, and who are also, as of July 31, 2022, enrolled in:
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