Ameren Missouri customers will be paying a little more for electricity, starting next week.
Typical residential customers will pay an additional $1.54 a month, according to a news release from the Missouri Public Service Commission. Ameren Missouri stated that the adjusted rate will offset increases in its fuel and purchased power costs, including transportation and net of off-system sales revenues, experienced during the four-month period of February through May 2014.
Ameren Missouri has had a fuel adjustment charge (FAC) since 2009. This is a separate category on customers’ bills. Typical residential customers currently pay an FAC of approximately $3.63 a month. Now they will have to pay about $5.17 per month.
Fuel adjustment charges allow the company to recover up to 95 percent of its costs and are intended to help companies deal with volatility in fuel pricing. The FAC rates require regular adjustments to reflect changes in the company’s costs to purchase fuel and power.
Ameren Missouri serves about 1.2 million electric customers in 63 counties in the state.