Avista Makes Price Adjustment Request in Washington
Avista (NYSE: AVA) has filed a request with the Washington Utilities and Transportation Commission for a $15.3 million electric rate increase, representing a 2.1% price adjustment effective July 1, 2025. The increase stems from deferred power supply costs tracked in the Energy Recovery Mechanism (ERM).
The primary driver was reduced hydroelectric generation in 2024 due to lower precipitation and snowpack. The cumulative ERM balance has reached $34.3 million, with $19.0 million currently being recovered through customer rates ending July 1, 2025.
If approved, Washington residential customers using an average of 945 kilowatt hours monthly will see bills increase from $120.86 to $123.41, a $2.55 monthly increase. Rate adjustments vary by customer class, ranging from 0.4% for street lights to 2.7% for extra large general service.
Avista (NYSE: AVA) ha presentato una richiesta alla Commissione per i Servizi Pubblici e i Trasporti dello Stato di Washington per un aumento delle tariffe elettriche di 15,3 milioni di dollari, che rappresenta un aggiustamento dei prezzi del 2,1% a partire dal 1° luglio 2025. L'aumento è dovuto ai costi di fornitura di energia differiti registrati nel Meccanismo di Recupero Energetico (ERM).
Il principale fattore è stata la riduzione della generazione idroelettrica nel 2024 a causa di minori precipitazioni e accumuli di neve. Il saldo cumulativo dell'ERM ha raggiunto i 34,3 milioni di dollari, con 19,0 milioni di dollari attualmente recuperati attraverso le tariffe dei clienti fino al 1° luglio 2025.
Se approvato, i clienti residenziali di Washington che utilizzano in media 945 kilowattora al mese vedranno le loro bollette aumentare da 120,86 a 123,41 dollari, con un incremento mensile di 2,55 dollari. Gli aggiustamenti tariffari variano a seconda della classe di clienti, con un aumento dello 0,4% per le luci stradali fino al 2,7% per i servizi generali extra large.
Avista (NYSE: AVA) ha presentado una solicitud a la Comisión de Utilidades y Transporte de Washington para un aumento de tarifas eléctricas de 15,3 millones de dólares, lo que representa un ajuste de precios del 2,1% que entrará en vigor el 1 de julio de 2025. El aumento se debe a los costos de suministro de energía diferidos registrados en el Mecanismo de Recuperación Energética (ERM).
El principal motivo fue la reducción de la generación hidroeléctrica en 2024 debido a menores precipitaciones y acumulación de nieve. El saldo acumulado del ERM ha alcanzado los 34,3 millones de dólares, con 19,0 millones de dólares que actualmente se están recuperando a través de las tarifas de los clientes hasta el 1 de julio de 2025.
Si se aprueba, los clientes residenciales de Washington que utilizan un promedio de 945 kilovatios hora al mes verán sus facturas aumentar de 120,86 a 123,41 dólares, un aumento mensual de 2,55 dólares. Los ajustes de tarifas varían según la clase de cliente, oscilando entre el 0,4% para las luces de calle y el 2,7% para el servicio general extra grande.
Avista (NYSE: AVA)는 워싱턴 주 유틸리티 및 교통 위원회에
주요 원인은 2024년 수력 발전 감소로, 이는 낮은 강수량과 눈 적설로 인한 것입니다. 누적 ERM 잔액은 3430만 달러에 달하며, 현재 1900만 달러가 2025년 7월 1일까지 고객 요금을 통해 회수되고 있습니다.
승인될 경우, 워싱턴 주 거주 고객이 월 평균 945킬로와트시를 사용하는 경우, 요금이 120.86달러에서 123.41달러로 증가하여 월 2.55달러 인상됩니다. 요금 조정은 고객 클래스에 따라 다르며, 가로등의 경우 0.4%에서 대형 일반 서비스의 경우 2.7%까지 다양합니다.
Avista (NYSE: AVA) a déposé une demande auprès de la Commission des services publics et des transports de Washington pour une augmentation des tarifs électriques de 15,3 millions de dollars, représentant un ajustement de prix de 2,1 % à compter du 1er juillet 2025. Cette augmentation provient des coûts de fourniture d'énergie différés enregistrés dans le Mécanisme de Récupération Énergétique (ERM).
Le principal facteur était la réduction de la production hydroélectrique en 2024 en raison de précipitations et d'accumulations de neige plus faibles. Le solde cumulé de l'ERM a atteint 34,3 millions de dollars, dont 19,0 millions de dollars sont actuellement récupérés par le biais des tarifs des clients jusqu'au 1er juillet 2025.
Si approuvé, les clients résidentiels de Washington utilisant en moyenne 945 kilowattheures par mois verront leurs factures augmenter de 120,86 à 123,41 dollars, soit une augmentation mensuelle de 2,55 dollars. Les ajustements tarifaires varient selon la classe de clients, allant de 0,4 % pour les lampadaires à 2,7 % pour les services généraux très grands.
Avista (NYSE: AVA) hat einen Antrag bei der Washington Utilities and Transportation Commission auf eine Erhöhung der Stromtarife um 15,3 Millionen Dollar gestellt, was eine Preissteigerung von 2,1% ab dem 1. Juli 2025 darstellt. Die Erhöhung resultiert aus aufgeschobenen Kosten für die Stromversorgung, die im Energierecovery-Mechanismus (ERM) erfasst sind.
Der Hauptgrund war die geringere Wasserkraftproduktion im Jahr 2024 aufgrund von niedrigeren Niederschlägen und Schneedecke. Der kumulierte ERM-Saldo hat 34,3 Millionen Dollar erreicht, wobei derzeit 19,0 Millionen Dollar über die Kundenpreise bis zum 1. Juli 2025 zurückgeholt werden.
Wenn genehmigt, werden die Wohnkunden in Washington, die durchschnittlich 945 Kilowattstunden pro Monat verbrauchen, eine Erhöhung ihrer Rechnungen von 120,86 auf 123,41 Dollar sehen, was einem monatlichen Anstieg von 2,55 Dollar entspricht. Die Tarifänderungen variieren je nach Kundenklasse und reichen von 0,4% für Straßenlaternen bis zu 2,7% für sehr große allgemeine Dienstleistungen.
- Company offers assistance programs and payment arrangements for affected customers
- Rate increase spread over 12 months to minimize impact
- Rate increase of $15.3 million (2.1%) will impact customer affordability
- Reduced hydroelectric generation performance in 2024 due to weather conditions
- Accumulated $34.3 million in deferred power supply costs requiring recovery
Insights
Avista's filing to adjust electric rates in Washington by
The key trigger for this filing is Avista's cumulative ERM balance reaching
Notably, Avista is already recovering
For residential customers, the
This filing demonstrates how regulated utilities can effectively manage weather-related generation risks through established cost recovery pathways. The ERM mechanism essentially transfers certain operational risks from shareholders to ratepayers, providing financial stability to the utility's performance during periods of resource volatility.
Overall change in electric prices would be effective July 1, 2025
SPOKANE, Wash., March 31, 2025 (GLOBE NEWSWIRE) -- Avista (NYSE: AVA) has made a filing with the Washington Utilities and Transportation Commission (Commission or WUTC) that, if approved, will result in an increase of
The request reflects a rate adjustment to recover from customers certain deferred power supply costs tracked in the Company’s Energy Recovery Mechanism (ERM). The ERM is a mechanism that tracks the difference between actual power supply-related costs experienced by Avista to the authorized level approved by the Commission.
Under the mechanics of the Commission-approved ERM, if Avista has a cumulative deferral balance of
Avista is presently recovering approximately
Electric Customer Bills
Washington: If approved, residential electric customers in Washington using an average of 945 kilowatt hours per month would see their monthly bills change from
If approved, electric customers would see the following rate adjustments:
| Residential Service - Schedules 1/7/8 | |
| General Service - Schedules 11/12/13/17/18 | |
| Large General Service - Schedules 21/22/23 | |
| Extra Large General Service - Schedule 25/Sp Ct | |
| Pumping Service - Schedules 30/31/32 | |
| Street & Area Lights - Schedules 42-48 | |
| Overall |
To help customers proactively manage their energy use, Avista offers services to those who may need and qualifies for assistance in managing their energy bills such as comfort level billing, payment arrangements and special circumstantial referrals to area agencies and churches for help with housing, utilities, medical assistance and other needs. Avista also provides funding for energy assistance programs which are administered through community action agencies.
Energy efficiency and outreach programs are also offered which include rebates and incentives as well as tips and resources to help customers manage their energy use and energy bills. Customers can learn more at www.myavista.com.
About Avista Corp.
Avista Corp. is an energy company involved in the production, transmission and distribution of energy as well as other energy-related businesses. Avista Utilities is our operating division that provides electric service to 422,000 customers and natural gas to 383,000 customers. Our service territory covers 30,000 square miles in eastern Washington, northern Idaho and parts of southern and eastern Oregon, with a population of 1.7 million. AERC is an Avista subsidiary that, through its subsidiary AEL&P, provides retail electric service to 18,000 customers in the city and borough of Juneau, Alaska. Our stock is traded under the ticker symbol “AVA”. For more information about Avista, please visit www.avistacorp.com.
This news release contains forward-looking statements regarding the company’s current expectations. Forward-looking statements are all statements other than historical facts. Such statements speak only as of the date of the news release and are subject to a variety of risks and uncertainties, many of which are beyond the company’s control, which could cause actual results to differ materially from the expectations. These risks and uncertainties include, in addition to those discussed herein, all of the factors discussed in the company’s Annual Report on Form 10-K for the year ended Dec. 31, 2024.
Avista Corp. and the Avista Corp. logo are trademarks of Avista Corporation.
SOURCE: Avista Corporation
To unsubscribe from Avista’s news release distribution, send a reply message to lena.funston@avistacorp.com.
Contact:
Media: Lena Funston (509) 495-8090 lena.funston@avistacorp.com
Investors: Stacey Wenz (509) 495-4171, stacey.wenz@avistacorp.com
Avista 24/7 Media Access (509) 495-4174
FAQ
How much will Avista's (AVA) Washington residential customers' bills increase in July 2025?
What caused Avista (AVA) to request the 2025 rate increase in Washington?
What is the total amount of Avista's (AVA) rate increase request for Washington in 2025?
What is Avista's (AVA) current ERM balance that triggered the rate adjustment?
Which customer class will see the highest rate increase in Avista's (AVA) 2025 Washington adjustment?
