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<p>During the month of December 2022, the country experienced a deep freeze during which, temperatures in Alabama plummeted well below freezing for several consecutive days. For instance, for 7 nights straight, we had temperatures that ranged between <strong>12 and 27 degrees</strong>, and we had 12 nights where temperatures were at or below freezing.</p>
<p>As a result of these extreme weather conditions, we were informed by our wholesale power supplier that natural gas prices spiked and they were passing this increase on to UBT. As a result, the UBT Board held an emergency meeting on January 17th and voted to increase our power cost adjustment by <strong>$0.18055</strong> cents per kWh to cover this increase in our wholesale power cost. Our wholesale power cost will remain elevated through the remainder of this fiscal year, which ends <strong>September 30, 2023</strong>.</p>
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<h6 class="text-title">Here are 3 articles about Alabama Power 3 rate increases made in 2022:</h6>
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<li><a class="link" href="https://www.alabamanews.net/2022/07/14/alabama-power-raising-rates-beginning-in-august/">https://www.alabamanews.net/2022/07/14/alabama-power-raising-rates-beginning-in-august/</a></li>
<li><a class="link" href="https://www.wbrc.com/2022/11/02/alabama-power-increasing-rates-starting-december/">https://www.wbrc.com/2022/11/02/alabama-power-increasing-rates-starting-december/</a></li>
<li><a class="link" href="https://www.al.com/news/2022/12/alabama-power-electric-rates-rising-again-in-2023-in-third-increase-in-a-year.html">https://www.al.com/news/2022/12/alabama-power-electric-rates-rising-again-in-2023-in-third-increase-in-a-year.html</a></li>
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<h6 class="text-title">Here are 3 articles about Alabama Power 3 rate increases made in 2022:</h6>
<p><a class="link" href="https://www.al.com/news/2022/12/alabama-power-electric-rates-rising-again-in-2023-in-third-increase-in-a-year.html">https://www.al.com/news/2022/12/alabama-power-electric-rates-rising-again-in-2023-in-third-increase-in-a-year.html</a></p>
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Increase in Power Cost Adjustment

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