PMLP Customers Should Save a Few Dollars on Average This Quarter

Peabody and South Lynnfield residents will be saving a few extra dollars a month on their electric bills in the next financial quarter.

 officials announced the news Monday, attributing a moderate decrease in monthly bills to a corresponding decrease in energy costs for the city-owned utility company. The actual savings for the average residential customer is $3.44 per month or 5.9 percent. That's based on an average customer using 500 kWh per month for a bill of $58.

An average commercial customer using 2,000 kWh per month will save approximately 6 percent monthly. Industrial users' bills are expected to remain flat.

said there will be a decrease in the Purchased Power and Fuel Cost Adjustment paid by residential and commercial customers between July and September.

Trueira said the change, again, reflects recent decreases in the cost of energy for the plant, but is also due to flexibility in the plant's power supply contracts and taking advantage of market opportunities to stabilize charges and costs passed on to customers.

PMLP already consistently maintains some of the lowest electric rates in the state while boasting a high level of service reliability.