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KEYS POWER COST ADJUSTMENT CHARGE TO INCREASE IN JUNE YET REMAIN A CREDIT ON CUSTOMERS ENERGY BILLS

06/01/2017 ~ Keys Energy Services’ (KEYS) customers will experience a 5.9-percent increase in their June energy bills, as a result of increased energy costs, if their usage remains the same as May.

“While the cost per kilo-watt hour may be increasing, your overall bill does not have to increase if you implement some simple conservation measures,” said Lynne Tejeda, KEYS’ General Manager & CEO. “KEYS employees are here to help you with conservation ideas that can help manage your bill.”

KEYS’ customers are urged to log on to KeysEnergy.com and click on the Growing Greener Every Day icon for tips on how to best conserve energy. While online, customers can sign-up for a FREE home energy survey, take a FREE online energy survey, and receive information on how to better track their monthly energy usage.

The Power Cost Adjustment (PCA) Charge for the month of June will be negative $2.53 per 1,000 kilowatt hours (kwh), compared to negative $10.03 per 1,000 kwh in May. When energy costs fluctuate above or below the $0.0800 per kwh recovered by KEYS’ Energy Charge, KEYS passes the increase/decrease along to customers via the PCA Charge. Currently, KEYS’ Energy Charge is $0.1220 per kwh for residential customers and assumes power costs of $0.0800 per kwh.

An average KEYS’ residential customer consuming 1,000 kwh of electricity during the month of June will see an energy bill for approximately $134.50, in May this same consumption would have resulted in a bill of $127.00.

“The pending increase to our PCA Charge is directly related to power supply costs and beyond KEYS control,” said Tejeda. She added that, “customers will still experience a negative PCA Charge on their monthly bills, but the amount of the credit will be smaller to keep pace with rising energy costs.”

*Kilowatt-hour (kwh): A common unit of electric energy consumption, and the basic unit of electric energy. One kwh is equivalent to 1,000 watts consumed over a period of one hour.

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