Statement of Jim Zakoura, attorney and consumer advocate, Smithyman & Zakoura, Chartered, on behalf of the Natural Gas Transportation Customer Coalition (NGTCC):
On April 1 of each year, Evergy “trues up” its estimated fuel and purchased power costs, for the prior year.
Because of the likely inaccurate estimate of power fuel costs due to steeply rising natural gas costs, retail electric customers will likely pay material “true up costs” through the Evergy – “Retail Energy Cost Adjustment” clause of its KCC Tariff – – for the prior year – – beginning on April 1, 2023.
May 25, 2022, NYMEX Futures Price in Red
KGS Actual, Historical Prices in Black
May 26, 2022 NYMEX Futures in Blue