News Release
Cuero, TX – The City Council of Cuero, Texas, has proposed an increase in utility rates through Ordinance No. 2024-24 which had its first reading during a regular City Council meeting August 12, 2024. The new schedule of electric rates is set to go into effect on October 1, 2024.
City Manager Wayne Berger emphasized the importance of this amendment, stating, “The existing electric schedule of rates needs revision to better serve the citizens of Cuero.” After careful review and deliberation, the City Council adopted the amended schedule of new electric rates.
This proposed increase comes at a time when the U.S. Energy Information Administration (EIA) expects U.S. residential electricity prices to increase by about 1% in 2024, the slowest rate of year-over-year growth since 2020. The decline in natural gas prices since late 2023 has contributed to this slower growth, as lower natural gas prices are now being factored into retail electricity rates. Natural gas, which provides the largest share of U.S. electricity generation, has seen falling prices, resulting in lower costs of producing electricity.
Electricity prices in Texas are influenced by several factors, including the cost of generating electricity, transmission, and distribution infrastructure expenses, weather conditions, fuel prices (such as natural gas), and regulatory policies. Additionally, the Texas electricity market is deregulated, allowing consumers to choose their electricity providers with the exception of cities such as Cuero that own and regulate their own utilities and are exempt from deregulation but have the power to opt in.
The City of Cuero provides electrical service to its citizens and regulates the electric distribution under the provisions of the City’s Code of Ordinances.
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