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CUC fuel rate remains low for residential customers
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Posted on Apr 03 2008
Here’s good news for residential customers. The Commonwealth Utilities Corp.’s fuel rate in April will remain the lowest at 17.6 cents per kilowatt-hour.
According to CUC, the 17.6 cents per kWh residential fuel rate will be implemented again this month pursuant to Public Law 15-94.
But it’s still bad news for businesses, government agencies, and for non-conforming load customers. These agencies’ fuel rate will be 32.7 cents per kWh, which is an 8.9 cents per kWh increase when compared to the March rate of 28.8 cents per kWh.
The rates pursuant to P.L. 15-94 took effect beginning March 2008 as the Fitial administration’s emergency regulations had already expired.
Under the April electric fuel rates, the rates for residential customers will be 17.6 cents per kWh for the first 1,000 kWh and 22 cents per kWh for over 1,000 kWh.
In addition, residential customers will be paying a fixed rate of $3.50 in customer charges per month.
For businesses, they will be paying the fixed 8.6 cents for electric non-fuel rate and 32.7 cents for electric fuel rate, for a total of 41.3 cents for all kWh billed.
Businesses will also be assessed a fixed monthly customer charge of $7.67.
Last month, the residential fuel rate was 17.6 cents per kWh. But businesses, government agencies, and for non-conforming load customers’ fuel rate last month was 28.8 cents per kWh.
Residential customers first experienced the lowest fuel rates only in October 2007 when P.L. 15-94 took effect, putting a cap at 17.6 cents per kWh.
With the administration’s signing of emergency regulations on Nov. 9, 2007, the electric fuel rate for residential customers jumped from 17.6 cents per kWh to the highest ever 25.8 cents per kWh, which remained in place from that month until January 2008.
