Not Costco Too!!! Say It Isn't So....,

They have definitely been lying to us about inflation.

This is insane!

🔊 pic.twitter.com/F5QLjs1ZTD

— Declaration of Memes (@LibertyCappy) October 16, 2023

KCUR  |  You know how holiday stuff is expensive when you most want to buy it, but cheaper after the holidays?

The same dynamic will soon apply to what you pay for electricity on the Missouri side of the Kansas City area.

All of Evergy’s Missouri customers will see a steep price hike for the electricity they burn during the peak demand hours of late afternoon and early evening.

It’s called time-of-use pricing and Jim Busch, the director of industry analysis at the Missouri Public Service Commission, said it makes sense.

“When you look at the overall benefits to the consumers and the company and society as a whole,” he said, “it’s a better path to go down.”

Evergy's change to the time-sensitive model comes with particularly dramatic upticks.

Electricity costs more to generate at peak times, like summer evenings when everyone’s running their air conditioners. Companies have to fire up auxiliary generators to meet that demand.

That means burning natural gas. Cranking up those gas plants costs more to kick out the same power than coal, solar, wind and nuclear.

Time-of-use rates reflect that added cost. Customers pay something closer to the actual cost to produce power at a given time — and have an incentive to use less electricity when it costs the most to produce.

Power companies already send out bills based on time-of-use rates in much of the western U.S. Evergy has allowed customers in both Missouri and Kansas to voluntarily opt-in to variable price billing for years. And the method is catching on, Busch.

But there’s something different about the time-of-use billing schedule for Missouri that Evergy customers will see this fall.

Typically, the price of electricity varies only slightly over the course of the day. Rates may go up or down one or two cents per kilowatt hour.

Some Missouri Evergy customers, on the other hand, will see rates fluctuate dramatically. Under the default plan, customers will be charged 9 cents a kilowatt hour most of the time. But the rate vaults up to 38 cents between 4 p.m. and 8 p.m. on summer evenings. That’s a 322% spike.

“That is a huge increase,” said Daniel Zimny-Schmitt at the National Renewable Energy Laboratory. “There’s no way around that.”

He said 38 cents a kilowatt hour, the top rate under Evergy’s default plan, would mark one of the most expensive residential electricity rates in the country outside of California.

The default plan —Evergy brands it “Standard Peak Saver" — is one of four options that Missouri Evergy customers can choose from by October. If you don’t do anything to your Evergy account, that’s the billing structure you’ll have.