Manitowoc Public Utilities has announced that effective May 1st, all MPU bills will see a 5.56% decrease of the electric rate.
MPU had filed the rate reduction request with the Public Service Commission of Wisconsin (PSCW) nearly a year ago, and the request was approved during a hearing over the phone on March 11th.
According to Mayor Justin Nickels, “This is the fourth consecutive electric rate decrease for the City of Manitowoc rate payers.”
The average residential customer using 650 kWh of energy per month will see an approximate reduction of $3.90 per month, according to MPU’s Key Accounts and Meter Services Manager, Daniel Salm.
CEO and General Manager of MPU Nilaksh Kothari said that the major driver in this rate decrease is a reduction in power supply costs as well as a reduction in depreciation rates on the power plant assets.
