Collective savings continues to grow following September 2015 rate decrease
Wilson Energy residential customers recently reached a milestone — $10 million in savings since a historic rate decrease last fall.
The Wilson City Council voted in August 2015 to lower rates nearly 18 percent for residential customers, the largest rate cut in history. The rate decrease was made possible by the sale of power plants owned by North Carolina Eastern Municipal Power Agency (NCEMPA), the city of Wilson’s wholesale power provider.
Wilson approved the largest decrease in rates among all the NCEMPA cities, and savings began in September 2015. In April, the collective savings reached $10 million and continues to grow every day.
Average monthly utility bills have decreased by $62 since the rate decrease was enacted.
“For years, the City Council searched for a solution to our electric utility costs,” said City Councilman Donald Evans, who also serves as the secretary of the NCEMPA Board of Commissioners. “Until recently, we didn’t have any feasible options to reduce the wholesale cost of power. We were incredibly pleased to be a part of the historic $1.2 billion NCEMPA transaction that resulted in passing along this savings to Wilson Energy customers.”
Mayor Bruce Rose said, “We are excited the electric rate decrease amounts to real savings for our customers here in Wilson. We’re pleased to be putting money back in people’s pockets. I know it makes a real difference.”
Cuts in commercial electric rates are also helping the business community, Ryan Simons, president of the Wilson Chamber of Commerce, told the City Council Thursday. “On behalf of all our members and small businesses, I say thank you.”
Wilson Energy customers can see the running total at www.wilsonnc.org/10million. They also can determine how much they have saved by using the calculator on the site. There are also tips for saving even more money through energy efficiency and other programs.