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May 4, 2015

P.U.C. approves B.E.L. Rate Decrease

The Public Utilities Commission has approved a decrease in the mean electricity rate from forty-one cents per kilowatt hour to thirty-five cents.  The rate reduction takes effect on July first, 2016 and comes to an end on June thirtieth, 2016.  In its submission, B.E.L. sought adjustments to specific tariffs for certain consumption bands for customer classes to indicate the proposed reduction in the mean electricity rate.  Of note is that there are no specific adjustments to any other regulated values, charges and fees approved for the Full Tariff Period July first 2015 to June thirtieth, 2016.

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