The City of Milford, a community electric utility powered by the Delaware Municipal Electric Corporation (DEMEC), will be increasing the current Power Cost Adjustment (PCA) by $0.00804 per kilowatt-hour (kWh) for a total of $0.012 beginning in October. Customers will see this increase on their November City of Milford utility bills.
This power cost increase is primarily due to regulations that required the Indian River Power Station in Dagsboro, DE to continue operating for reliability purposes after it filed to shut down. The regulations impact all electric customers in Delaware and are expected to continue for 4.5 years, resulting in a 6.2 percent increase in electric bills for the average household and small business accounts in Milford. Commercial accounts in Milford can expect an increase ranging from about 5.9 to 7.9 percent depending on demand, load factor, seasonality, and time of use.
Even with this rate increase, customers are paying less than they were five years ago (see below chart). Additionally, the City’s overall electric rate continues to be the third lowest rate in the state of Delaware, trailing only the City of Lewes and the City of New Castle.
Original source can be found here.
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