Electric Rate Decrease for 2016!
Pascoag Utility District (PUD) is pleased to report that our pass-through rates (Standard Offer, Transmission and Transition) were decreased beginning January 1, 2016. On top of that reduction, Pascoag is also applying a credit of $0.00222/kWh to return a portion of our Purchase Power Restricted Fund, which had built up over time to a level great than PUD needs as an assurance against any potential power price spikes. This overall cost reduction is evidence of our strategy to purchase the most cost-effective power through long and medium-term power contracts, and to be very cautious in all spending activities for operations, maintenance, capital construction, and other business related costs. For an average residential customer, the decrease totals almost 12% in an overall bill reduction. Here’s to a happy, healthy, and cost-effective 2016!Lowest rates in the Ocean State.
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