The Missouri Public Service Commission has approved a filing made by Evergy Missouri Metro to adjust the fuel adjustment clause (FAC) charge on the bills of its electric customers.
Evergy Missouri Metro made two filings with the commission. In the first filing, Evergy Missouri Metro proposed to adjust the FAC to reflect changes in its fuel and purchased power costs, net off-system revenues incurred by the company from July through December 2022. The second filing was for Evergy Missouri Metro’s FAC true-up.
For a residential customer using 1,000 kwh (kilowatt-hours) of electricity per month, the FAC will increase from a current bill credit of approximately $3.49 per month to an FAC charge of $0.96 per month. The change will take effect on April 1, 2023.
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.
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 Metro serves customers in Carroll, Chariton, Howard, Johnson, Lafayette, Pettis and Saline counties in the KMMO listening area.