Xcel recently announced it would increase the Renewable Energy Standard Adjustement (RESA) component of the electric bill to fund the renewable energy program. Xcel also filed a rate case increase for GRSA – the general rate schedule adjustment component of your electric bill. GRSA is the component of Xcel’s revenue that applies to Service and Facility – money used for capital and O&M costs. The increase is substantial – from 12.7% to 32.5%. They call this a 19.8% increase! Would someone enlighten me on that calculation?
For the average customer with monthly usage of 625 kWh, they project the increase will be $5.13 per month or 8.39%.
On the bright side, this increase adds value to those of us with solar electric systems, and provides more incentive for residential and commercial customers to install solar electric systems.
