GREENWOOD – Delaware Electric Cooperative’s board of directors voted on Feb. 15 to approve a rate decrease for all 93,000 co-op members.
Co-op president and CEO Bill Andrew proposed the rate change in January.
The measure will lower electric bills by five percent and will take effect on March 1.
The rate decrease will save the average family, using 1,000 kilowatt-hours of electricity, $6 per month, or $72 per year.
“Falling wholesale power costs and member participation in our Beat the Peak program allowed us to take this action,” said Mr. Andrew. “While there is no guarantee rates will remain this low, the Co-op currently offers the lowest annualized electric rates in the State, and that’s something we’re very proud of.”
For more information on the rate changes please visit our web site at www.delaware.coop.
Delaware Electric Cooperative is a member-owned electric utility serving 93,000 member-owners in Kent and Sussex Counties, Delaware.
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