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Price City Council adopts purchase‑power cost‑adjustment resolution to smooth electric bill spikes
Summary
The council approved Resolution No. 2025‑25 to establish a purchase‑power cost‑adjustment clause that spreads wholesale power‑cost spikes across the following year; staff said a test case equates to about $1–$2 per month for an average household and that revenues will remain restricted to the electric utility for capital projects.
Price — The Price City Council voted to adopt Resolution No. 2025‑25 on Nov. 12, establishing a purchase‑power cost‑adjustment clause designed to smooth short‑term spikes in wholesale electricity costs by spreading those costs across the following year.
City staff described the change as an alternative to sudden rate increases during market spikes. "The concept is this is a more efficient it's an alternative to increasing rates with the utility," staff member Nick said during a presentation. He and other staff said a test case for an average household (about…
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