Texas – El Paso Electric (EPE) filed with the Public Utility Commission of Texas (PUCT) to reduce its existing Texas fuel factor by 19 percent. The reduction in the fuel factor could decrease bills by approximately $3.03 monthly for residential customers using 600 kWh per month. If approved by the PUCT, the reduced fuel factor could go into effect as early as November 2017.
The fuel factor is designed to recover the cost of the fuel used to generate electricity which EPE incurs in supplying electric power to customers. EPE adjusts fuel factors periodically to more accurately reflect the current and forecasted cost of fuel.
EPE is permitted by the PUCT to only recover its actual fuel-related expenses and is not allowed to earn a profit on these costs.