Madison Gas and Electric has announced it is asking for a settlement agreement with the Wisconsin Public Service Commission which would slightly lower electric rates and slightly increase natural gas rates for its Dane County customers. If approved, the rate changes would take effect January 1, 2019, and run through the end of 2020, according to Steven Schultz of MG&E.
For the typical electric customer, the rate would decrease about $1.33 a month to the end of 2020. A typical MG&E natural gas customer will see a bill increase of around 36 cents per month in 2019 and 97 cents per month in 2020.
The electric decrease is caused by the tax change impact of 2017 along with the anticipated savings of a new wind farm currently under construction in Iowa set to come on-line in the Spring of 2019.
The natural gas increase is due to infrastructure changes including pipeline restructuring to ensure natural gas delivery. The settlement will be submitted to the Public Service Commission for approval with a decision expected later in 2018.