Evergy Missouri West, Inc., d/b/a Evergy Missouri West (formerly KCP&L Greater Missouri Operations Company) customers will see a change in the fuel adjustment charge (FAC) on their electric bills starting on March 1, 2020.
A news release says for a residential customer using 1,000 kWh (kilowatt-hours) of electricity a month, the FAC will drop by approximately $3.20- from approximately $4.95 to approximately $1.75 a month- effective March 1, 2020.
The FAC tariff allows the company to pass increases or decreases in its net fuel and purchased power costs to customers outside of a general rate case.
The FAC allows the company to recover most – up to 95 percent – of its costs, but not all, to encourage conservation and prudence in fuel use by the company. Any charges resulting from the fuel adjustment clause must appear in a separate category on customers’ bills.
Fuel adjustment charges are intended to help companies deal with volatility in fuel pricing. The FAC tariff requires regular adjustments to reflect changes in prices the company has incurred for fuel and for wholesale power purchased to serve customers.
Evergy Missouri West provides electric service to approximately 334,100 customers in 31 Missouri counties, including Carroll, Lafayette and Pettis in the immediate KMMO listening area.