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CUC lowers its power rates for October
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Posted on Oct 01 2008
The Commonwealth Utilities Corp. has lowered the monthly power rates for the second straight month.
The fluctuating fuel rate for October is 33.7 cents per kilowatt-hour, down from 36.2 cents in September. The all-time high was set in August when customers were paying 41.3 cents per kWh. In May, CUC more than doubled the rates per kWh for residential customers.
Under the new October rates, residential customers using less than 500 kWh will be charged 33.7 cents in fluctuating electric fuel and 1.6 cents for electric non-fuel, for a total of 35.3 cents per kWh.
Customers using 501 to 1,000 kWh, will be charged 33.7 cents for fluctuating electric fuel and 6.6 cents for electric non-fuel, for a total of 40.3 cents per kWh.
Those using 1,001 to 2,000 kWh, will pay 33.7 cents for fluctuating electric fuel and 8.6 cents for electric non-fuel, for a total of 42.3 cents per kWh. Residential customers using more than 2,000 kWh, will pay 33.7 cents for fluctuating electric fuel and 12.7 cents for electric non-fuel, for a total of 46.4 cents per kWh. All residential customers must pay a $5.60 fixed customer charge.
Commercial customers will pay 33.7 cents for fluctuating electric fuel and 8.6 cents for electric non-fuel, for a total of 42.3 cents per kWh. Government agencies will pay 33.7 cents for fluctuating electric fuel and 9.1 cents for electric non-fuel, for a total of 42.8 cents per kWh. Commercial and government customers must also pay a monthly fixed customer charge of $7.67.
