Island residents have one thing to look forward to when it comes to power: lower rates. <\/p>\n
The Commonwealth Utilities Corp. is lowering the fluctuating electric power rates by 5 cents for the month of September. <\/p>\n
Under the new rates, customers will pay 36.2 cents for fluctuating electric fuel rates and 1.6 cents for electric non-fuel rates, for a total of 37.8 cents per kWh for the first 500 kWh. <\/p>\n
Last month, customers were paying an all time high for fuel at 42.9 cents per kWh for the first 500 kWh. <\/p>\n
For customers using 501 to 1,000 kWh, they will be assessed 6.6 cents for electric non-fuel rates and 36.2 cents for fluctuating fuel rates, for a total of 42.8 cents per kWh. <\/p>\n
Those using between 1,001 to 2,000 kWh, will be charged 8.6 cents for electric non-fuel rates and 36.2 cents for fluctuating electric fuel rates, for a total of 44.8 cents per kWh. <\/p>\n
Residential customers using more than 2,000 kWh will be assessed 12.7 cents for electric non-fuel rates and 36.2 cents for fluctuating electric fuel rates, for a total of 48.9 cents per kWh. <\/p>\n
These are on top of the fixed customer monthly charges of $5.60 that all residential customers will be paying.<\/p>\n
Commercial businesses will pay 8.6 cents in electric non-fuel rates and 36.2 cents for fluctuating electric fuel rates, for a total of 44.8 cents per kWh. Businesses are also required to pay $7.67 in monthly customer charges. <\/p>\n
CUC first revised its power rates on May 3, 2008, more than doubling the previous rates.<\/p>\n","protected":false},"excerpt":{"rendered":"
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