Borough residents could start to see savings on electric bills.
Borough Manager David Allen announced the possible decrease in a council meeting Monday night.
Councilman Rob Brough asked when those savings could be passed on to residents and Allen said as early as January.
Council voted to adopt a resolution establishing a stabilized purchase power adjustment (PPA) for the 2020 electric usage as $.00988/kwh. He said customers should definitely see some savings since the previous PPA was more than two cents.
Allen said the PPA will be locked in for a year and that the amount of savings will vary depending on a customer’s usage.
A customer using 1,000 kwh per month would pay about $148 on the current rate and PPA. A customer using 1,000 kwh per month will pay about $136 on the current rate with the new PPA. That is a savings of about $12 per month or $144 annually.
Council applauded Allen on his work with renegotiating the electric contract.
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