The electric rate decrease will save the average Smyrna customer using 1,000 kilowatt-hours (kWh) per month about $6.70 each month, while the water/sewer rate hikes will cost an extra $2.96 per month.
Smyrna has lowered electric rates while raising water/sewer rates, but the average customer should see an overall savings in their monthly bills.
The electric rate decrease will save the average household using 1,000 kilowatt-hours (kWh) of electricity per month about $6.70 each month, according to a press release.
Meanwhile, the town has increased water rates 57 cents for an average household using 3,000 gallons per month, and the sewer rate is rising by $2.39 for 3,000 gallons.
So the average household in Smyrna town limits should see a net savings of $3.74 per month.
The electric cost reduction was made possible last month because the Delaware Municipal Electric Corporation reduced its costs to the town. DEMEC is a public power agency and wholesale electric utility established to provide power supply and related services to the nine municipally-owned distribution utilities in Delaware.
DEMEC is realizing lower costs to serve its members as a result of a diverse power portfolio consisting of lower cost energy contracts and highly efficient generation. Current market conditions and lower-cost natural gas are also contributing to reduced energy costs.
“Being a member of DEMEC means having the ability to gain the savings of economies of scale by joint generation ownership and joint energy purchases,” said Smyrna Town Manager Gary Stulir. “The town is extremely pleased to be able to pass these savings on to our customers while maintaining dependable electric service.”
Money-saving changes for homes and businesses
Customers looking to save even more money can do so by making energy efficient changes to their home. DEMEC stands ready to help and assist customers with identifying grants and programs that can help pay for efficiency improvements.
Visit http://www.demecinc.net/Energy-Efficiency-Incentives/Credits/ for information on incentives and programs. DEMEC and Smyrna also offer simple tips that can have a big impact over time.
Follow @DEMECINC on Facebook for tips and DIY projects to help you save energy and money and stay up to date on matters affecting your local electric utility by going to http://www.smyrna.delaware.gov or follow "Town of Smyrna" on Facebook.
About Smyrna electric sales
Smyrna has a community-owned, not-for-profit electric utility. Revenues are invested back into the town and savings returned to the customers. There are no shareholders to profit, only investments to benefit the town and residents.
About DEMEC Inc.
DEMEC is a public power joint action agency and wholesale electric utility established in 1979 to provide power supply and related services to the nine municipally-owned distribution utilities in Delaware through owned generation assets and power purchased from other generators in the PJM region.
DEMEC manages a diversified power supply portfolio including natural gas fired generation, wind and solar assets. DEMEC has a long-term goal of developing innovative and economic utility-scale, renewable energy generation projects.
For more information, visit DEMEC’s website at www.demecinc.net.