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Atlantic City Electric has announced that effective Nov. 1 monthly rates will increase $3.44 or 1.9 percent for typical usage of 1,000 kilowatt hours.
The rate increase, or “base rate adjustment” as it is described in the utility’s news release, was approved by the New Jersey Board of Public Utilities Wednesday, Oct. 24.
The revenue adjustment reflects the rising cost of providing customers with safe and reliable electric service, the release stated. In addition to equipment maintenance and upgrades, it also covers restoration costs associated with Hurricane Irene.
“Atlantic City Electric recognizes the impact energy prices have on our customers and we have taken several operational steps and implemented organizational efficiencies to keep our costs to a minimum,” said Vince Maione, Atlantic City Electric region president. “These improvements are designed to enhance reliability and service to our customers.”
Delivery rates are one component of the customer’s total monthly bill and reflect about 25 percent of a customer’s bill. Supply rates, which are a separate category not related to this rate case, represent about 75 percent of the bill and reflect the cost of power that Atlantic City Electric buys on the wholesale market.
Questions can be directed to the Atlantic City Electric Customer Care Center at 1-800-642-3780.