Recently, the City of Milford announced that electric rates would be increasing due to an increase passed on to the city by the Delaware Municipal Electric Corporation (DEMEC). This organization is a not-for-profit entity made up of eight municipalities that offer their own electric service, including Milford. “DEMEC has professional staff that is responsible for purchasing power as well as …
Understanding the Upcoming City of Milford Power Cost Adjustment
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 …