San Antonio City Council approves CPS Energy rate increase proposal

San Antonian energy bills will be increasing in the spring.

SATX mayor Ron

San Antonio City Council in session.

Photo by the City of San Antonio

Did you know CPS Energy provides services to 907,526 electric + 373,998 natural gas customers in San Antonio and the surrounding counties? After a unanimous approval vote from its board of trustees, the energy company took it’s proposed rate increase before the San Antonio City Council for a vote. Here’s what we know about the vote + the proposal.

Breaking down the changes

San Antonio’s City Council voted 8-3 to approve the 4.25% rate increase, which will go into effect on February 1, 2024.What does that mean for me? The proposal would add an average $4.45 a month to a residential customer’s electric + gas bill.

CPS Energy Rate Increase 2024

The approved rate increase will be split between electric and gas usage for residents.

Graphic by CPS Energy

The additional funding would generate an estimated $85 million in revenue per year to:

  • Meet local power needs
  • Create new + improve existing energy infrastructure
  • Hire additional employees
  • Replace it’s decades-old computer system

Do you agree with the rate increase? Let us know.