City electricity rates rise 2.05%
New Richmond residents may notice a bit of a hike in their electricity bills this month.
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.