A utility company is holding its rate steady while changing its structure to provide more stability in its budget. The change includes lowering the charge per kilowatt-hour for residential customers…
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A utility company is holding its rate steady while changing its structure to provide more stability in its budget. The change includes lowering the charge per kilowatt-hour for residential customers from 6.3 cents to 6 cents. A $2.50 base charge is also being reinstated.
These changes are expected to keep customer payments largely flat. The decision was made due to revenues not increasing as expected, attributed to weather patterns and more energy-efficient appliances. Further details about the changes and their impact are available from the utility company.
The company's Chief Administrative Officer discussed the decision, noting the desire to provide a rate reduction, but the current circumstances made it unfeasible.
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