The Average Payment Plan can help reduce your high bills in summer and winter and make it easier to manage your monthly bill. The plan allows you to pay a monthly bill on the average cost of your most recent 12-month period. The amount due may vary slightly month to month but if you were signed up for Average Payment, your bill for this month would have only been Label and then every bill in the coming months would be close to that same amount. It’s not too late to sign up for your Label bill.
For more information about the Average Pay Program and how it can help reduce high bill surprises, visit our Average Payment Plan page
What is the Merger Savings Credit?
Now that KCP&L and Westar Energy have merged, our combined company operations will help make us a stronger regional energy provider. We’ll create cost efficiencies as a larger company, which means savings for you. These savings are being passed to you through an initial bill credit in December 2018, and additional bill credits in the years of 2019 – 2022.
The line item on bills will be titled “Merger Savings Credit.” Future credits will occur in February/March of each year. We also reduced rates that were implemented in late September 2018.
What is the Tax Cut & Jobs Act Credit (TCJA)?
In January 2018, the federal government reduced corporate tax rates as part of the Tax Cut & Jobs Act (TCJA). This credit will be included on your December bill and reflects the savings due to that tax change for the period of January through Sept. 27, 2018.
The line item on bills will be titled “Tax Cut & Jobs Act Credit.” We also implemented lower rates as of Sept. 27 that include the impact of the tax savings going forward.
Who will receive each of these credits?
All active residential electric customers as of Dec. 1 will receive each of these credits, which will be reflected on their next bill. All active non-residential customers that were billed for electric service during the 12 months ended October 2018.
How much savings are you giving back to customers?
This initial Merger Savings Credit to customers totals $23,065,299, or $16.51 per residential customer. The TCJA credit to customers totals $50,027,522, or $35.82 per residential customer.
Note: Per-customer totals exclude any applicable taxes or franchise fees.
Additional Merger Savings credits of approximately $8,650,000 annually will be provided to customers over the next four years (2019 – 2022).
For more information about the merger, read about Why We're Merging.