ODESSA, Texas (Local 2/Fox 24) - Your Oncor Energy bill could climb by the end of the year.
The company is looking to increase their rates throughout Texas for the first time in six years.
Oncor filed a rate review with the Public Utility Commission in March, and if approved customers could be paying an additional $6.84/month or $0.22/day.
Oncor Spokesperson Geoff Bailey says this is a great time for the rate review because of their investments since their last review in 2011.
"It's also important to note that since 2011 we've invested $7.9 billion to improve the reliability of our system, and we are still able to offer some of the lowest utility rates for the state of Texas," Bailey said.
If approved, the rate increase will take effect in late 2017.
Bailey says the average Midland/Odessa home uses 1300 kilowatt hours each month, and the price increase estimates are based on that average.
Oncor Energy serves around 10 million Texans, and they urge customers with concerns to contact them by visiting their website, Oncor.com.
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