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City electricity rates rise 2.05%

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News New Richmond,Wisconsin 54017 http://www.newrichmond-news.com/sites/all/themes/newrichmondnews_theme/images/social_default_image.png
New Richmond News
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City electricity rates rise 2.05%
New Richmond Wisconsin 127 South Knowles Avenue 54017

New Richmond residents may notice a bit of a hike in their electricity bills this month.

A rate increase of .1065 per kilowatt hour (kWh) went into effect Dec. 1, for residential customers.

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Across all customer classes, New Richmond Utilities will see a revenue increase of 2.05 percent (about $201,686), according to City Administrator and Utility Manager Mike Darrow.

“The average residential customer using 725 kWh of electricity per month will see a monthly increase of approximately $3.10 per month,” Darrow said.

The last time the rates were increased was in May 2006.

“The adjustment was requested in order to cover inflationary increases in operational and maintenance expenses and costs associated with maintaining the reliability of the electric distribution system,” Darrow said.

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Micheal Foley
Micheal Foley worked at RiverTown Multimedia from July 2013 to June 2015 as editor at the New Richmond News. 
(715) 243-7767 x241
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