by Luke Jones
Posted 3/15/2013 11:21 am
Updated 2 months ago
No fooling: Entergy Arkansas Inc. recently announced its residential rates will decrease by 4.75 percent on April 1.
According to a company news release, an average Entergy residential bill for a customer using 1,000 kilowatt-hours of electricity is $101.31, excluding taxes. After the rider is reduced, the same customer's bill will be $96.50.
The rate drop ties into a "fuel and purchased power cost" adjustment the company files with the Arkansas Public Service Commission each spring. The adjustment, or "rider," is the means by which Entergy Arkansas recovers its costs of fuel used in power plants and power purchased from other sources. The rider was reduced due to several factors, one being that more energy was generated in 2012 by Arkansas Nuclear One in Russellville and less with more expensive sources like coal.
"This lower rate has a lot to do with Arkansas Nuclear One," Entergy Arkansas President Hugh McDonald said in the release. "Arkansans are truly fortunate to have that plant generating a good share of our power."
Also, in 2012, Entergy collected in rates more than its actual fuel and purchased power costs, the release noted.