Municipal Services Commission of the City of New Castle

MSC increases the Power Purchase Adjustment (PPA)

We regret to inform you of a 3.8% increase in electric rates, following closely on a recent rate adjustment. Changes in state and federal energy policies have led to the retirement of older coal plants and the delay in new renewable energy plants coming online, reducing power supply and increasing costs. All electric customers on the Delmarva Peninsula will be affected, with an expected $177 million impact over 12 months. Due to our partial ownership of Beasly Power Plant, MSC’s impact will be lower, at $271,130.67 annually, roughly a 3.38% increase, still maintaining the lowest residential electric rate in the [...]

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