Posted on: December 31, 2024
Milford electric rates remain among lowest in state with upcoming 1% power cost adjustment
The City of Milford, a community electric utility powered by the Delaware Municipal Electric Corporation (DEMEC), will be increasing the current Power Cost Adjustment (PCA) by $0.00148 per kilowatt-hour (kWh) to $0.02625 per kWh for energy usage in 2025. Customers will see the new rate on City of Milford utility bills in February.
This power cost increase is primarily due to DEMEC’s updated power cost budget for 2025. The passthrough results in a 1.0 percent increase in electric bills for the average household and small business accounts in Milford. Commercial accounts in Milford can expect an increase ranging from about 0.9 to 1.2 percent depending on demand, load factor, seasonality, and time of use.
Electric bills have increased less than 10% in total over the last eight years, or about 1.2% per year on average. Additionally, the City’s overall electric rate continues to be among the lowest rates in the state of Delaware, proving that the City is controlling the variables that are able to be controlled, while market forces are pushing power rates higher across the region.
“DEMEC continues to represent the City of Milford and all public power cities and towns in Delaware with rate stability among its highest priorities,” Finance Director Lou Vitola said, “and this year’s minor budgetary increase is a testament to DEMEC’s continued efforts.”
To help offset this increase, the City encourages customers to utilize Efficiency Smart (https://www.efficiencysmart.org/milford-delaware) for rebates and an electric usage monitor, insulating windows, purchasing a water heater jacket, utilizing the City’s budget plan and servicing their HVAC system. Reducing your household energy consumption by 3 kWh per day will completely offset the last three rate adjustments.
Questions regarding utility billing or the upcoming PCA can be directed to the City’s Customer Service Department at 302-422-6616.
About the City of Milford: (www.cityofmilford.com) The City of Milford, incorporated in 1807 and located in Kent and Sussex Counties along the Mispillion River, is home to 13,000+ year-round residents, 500+ retail businesses and non-profits, local restaurants, parks, trails, small town events, major healthcare providers, an historic shipyard, and its own school district. Known throughout the state as River Town, Art Town, Home Town, the City celebrates the beauty of its natural resources, the ingenuity of its people and its commitment to quality of life.
About DEMEC: (www.demecinc.net) DEMEC was incorporated in 1979 as a public corporation constituted as a Joint Action Agency and a wholesale electric utility. DEMEC represents and serves the following municipal electric distribution utilities located in the State of Delaware: City of Newark, Municipal Services Commission (MSC) of the City of New Castle, Town of Middletown, Town of Clayton, Town of Smyrna, City of Milford, Lewes Board of Public Works, and City of Seaford.