After receiving approval from our Board of Trustees on December 4, 2023 and the City of San Antonio City Council on December 7, 2023, rates increased by 4.25% and went into effect on February 1, 2024.
This amounts to about a $4.45 increase on an average residential customer’s monthly electric and gas bill. For small commercial customers, it amounts to about $17.80 per month increase on average for their electric bill and $24.40 combined for electric and gas small commercial customers. Customers enrolled in our Affordability Discount Program (ADP) will see slightly lower bill impacts than standard rate customers.
CPS Energy is committed to serving our customers with reliable, competitively-priced and sustainable energy services in an equitable way through smart investments. The rate increase is part of our ongoing efforts to invest in the resiliency of our infrastructure, improving technology and security for our customers and to hire and retain the best team members to serve our growing customer base. Investments in infrastructure resiliency, growth, technology, security and people are central to delivering on Vision 2027 and our customers’ energy needs.
Even with the rate increase, our combined residential energy bills are and will remain among the lowest when compared across the state of Texas and to the nation's largest cities.