Starting in June, electric bills for the average residential and small business accounts in Milford are going up 2.4%, the city has announced. Commercial accounts in Milford can expect an increase ranging from about 2.3 to 3.0%, depending on demand, load factor, seasonality and time of use. “The power cost increase is entirely due to market-driven capacity cost increases that …
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 $0.00686 per kilowatt-hour (kWh) to $0.02124 per kWh for energy usage in 2024. Customers will see the new rate on City of Milford utility bills in February. This power cost increase is primarily due …
At a recent meeting, Milford City Council learned the results of an electric rate study conducted by Utility Financial Solutions (UFS). Dawn Lund, Vice-President of UFS, provided details on where the city’s electric funds were now and projections for what the funds would like in the future. After Lund’s presentation, council voted to approve a new electric rate ordinance at …
At a recent workshop, Kimberly Schlichting, CEO of the Delaware Municipal Electric Corporation (DEMEC), warned of a possible rate increase due to changes at the Indian River Power Plant. Schlichting began her presentation by apologizing for bringing bad news. “I wish I was bringing better news, but if anything, misery loves company,” Schlichting said. “We’re not alone in what I’m …
