@reddig33
Right now it's going to pay back the producers because ERCOT offered them way more than the limit during the '21 storm. Even though it did nothing to increase the amount available since if they weren't producing it was because they couldn't. @netburnr
Per Austin Energy’s policy, it can only adjust the PSA in increments of up to 5%.
Paraphrased "We would have raise it more in one go, but we're not legally allowed to"
“The increase is required to continue making progress on recovering power supply costs in order to position Austin Energy for an anticipated PSA under-recovery during the summer months,” AE said.
Paraphrased "We've got a bunch more of these 5% increases coming to you in the near future"