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Evergy Missouri West wants the Public Service Commission to OK a nearly 14% increase in electric rates, giving the company up to $105 million more in annual revenue. Last year, the company reported $731 million in earnings.
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Evergy is proposing a nearly 14% rate increase starting in January. The public comment period is currently open, and customers can send their feedback before the Missouri Public Service Commission votes.
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Missouri advocates are trying to gather 171,000 signatures for a ballot measure to legalize abortion, but even with a large amount of cash and enthusiasm, the Missouri General Assembly could get in their way. Plus: People in older, more affordable Kansas homes are more likely to lose power, and there's no easy fix.
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Burying existing overhead power lines in developed neighborhoods would cost billions of dollars. That cost would immediately show up on electricity bills.
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After an especially cold month, Kansas City residents can expect energy and gas bills sometimes topping $200. Utilities like Evergy, Spire and Ameren need approval on their rates from regulators in Missouri and Kansas.
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The legislation filed by Senate Majority Leader Cindy O’Laughlin was inspired by Evergy’s rollout of time-of-use pricing plans to its customers last summer, which included a plan that would have quadrupled customers’ charges for energy used at times of high demand.
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The Missouri Public Service Commission last week approved Evergy’s request to change the default selection for customers who fail to select one of the company’s four time-of-use pricing plans.
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Evergy is changing the way it charges for electrical usage beginning in October, moving from a flat rate to one based on demand at different times of day.
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In October, Evergy will force customers to choose between new electricity plans that implement time-of-use pricing, which places a premium on electricity prices at times of high demand. Under the default plan, power used from 4 p.m. to 8 p.m. in summer months will cost four times more than other hours.
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Under an order from the Missouri Public Service Commission, Evergy is expected next month to implement time-of-use pricing, which places a premium on electricity prices at times of high demand. A Missouri state office said it "strongly opposed" the utility's request to make the program voluntary.
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Evergy saw blowback from customers over time-of-use pricing, which places a premium on electricity at times of high demand. Under one of the plans, power used on summer days between 4 p.m. and 8 p.m. would be almost four times as expensive as the rest of the day. Now Evergy is requesting permission for customers to opt out.
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Evergy says Missouri customers need to choose from four new time-based payment plans by this October or will automatically be defaulted into one. Under the default plan, power used from 4 p.m. to 8 p.m. in summer months will cost four times more than other hours.