Working Hard to Keep Your Electric Rates Down
What has the City of Washington done to keep rates down?
- Implemented residential load management and industrial customer generation to reduce the need to purchase high-price peak-period electricity
- Streamlined operations and maintenance
- Keeping vacancies open.
- Investing in staff training to enhance skill level
- Using outside contractors, rather than maintaining extra staff, for construction projects and storm response
- Undertaking system improvements to improve operating efficiency and reduce power losses
- Reducing residential rates by 5% to give customers some immediate rate relief when operating costs decreased in 1999 (due to local debt retirement)
- From 1990 to January 2003, absorbed cummulative wholesale rate increases totalling 19.5% instead of passing on these higher costs to customers.
- Continuing to improve operating efficiency, such as exploring use of automated meter reading
- Exploring regionalization. Can cities in the electric business save money by sharing resources? Washington and Kinston are participating in a pilot project in association with ElectriCities.
- Continuing to provide quality service at a reasonable price to our customers.
- In 2008, debt service on power plant construction will begin going down. Electric rate reductions may be possible at that time.
April 2003, Communications Office
The FACTS about Electric Deregulation in North Carolina