Pedernales Electric Cooperative, or PEC, is reducing residential electricity rates beginning April 1.
The rate decrease could reduce average bills by $11 each month compared with similar bills in April 2015, PEC CEO John Hewa said. Lower rates are because of PEC’s reduced costs for power delivery.
The PEC relays electric power to more than 250,000 Central Texas customers, including residents in Cedar Park and Leander. Its seven districts cover 8,100 square miles spanning from Lampasas to Bulverde and Marble Falls to Johnson City, where its headquarters is located.
“Today’s rates put the co-op’s members in a good position,” Hewa said in a March 22 news release.
PEC is planning new rate options that will be available June 1. Cooperative members will receive more information in April, according to the release.
Ingmar Sterzing, PEC vice president of power supply and energy services, said the cooperative also plans future reductions to power rates.
“[We] look forward to offering more options to [members]this fall,” Sterzing said.
In December 2014 the cooperative lowered monthly delivery charges as well as May and December rates.
Pedernales Electric Cooperative announced it will decrease residential electricity rates starting in April.
Cost for 1,000 kilowatt-hours (KWH): April 2015: $118.70
April 2016: $109.70
Cost for 1,275 KWH:
April 2015: $144.46
April 2016: $145.16
Source: Pedernales Electric Cooperative/Community Impact Newspaper