Houlton Water Co. energy rates to increase

16 years ago
    HOULTON, Maine — Being energy efficient is always a good idea, but customers of Houlton Water Co. will be getting an extra incentive to keep their electricity usage in check — higher energy rates.
    On Feb. 29, the Houlton Water Company’s old energy supply contract expires, taking with it energy rates that were 5.4 cents per kilowatt hour. The new contract rates, at 8.6 cents per kilowatt hour, will take effect March 1. When coupled with delivery rates, this change means customers will be seeing a total cost of 12 cents per kilowatt hour starting in March, as opposed to the old total, 9.8 cents per kilowatt hour.
“Anyone that buys gasoline and fuel knows that the cost of energy has escalated rapidly during the past several  years,” explained John Clark, general manager of the Houlton Water Co., in a press release issued last week. “And unfortunately, electric Standard Offer energy supply prices will be going up.”
The new rates are part of a contract with Inergrys Energy Services that is good until March 31, 2010.
On a residential electricity bill, standard offer energy supply prices represent costs of the actual electricity. Also part of that bill are delivery costs: what it costs Houlton Water Co. to bring the electricity to its customers.
Even with the upswing in energy prices, Houlton Water Co. will be keeping its delivery costs stable, said Clark.
“The good news is that our low delivery charge will remain stable and continue to preserve our ranking among the lowest electric rates in New England,” he said.