No, that wasn't an error. Your electric bill really should go down this spring.
Peabody Municipal Light Plant, which services Peabody and South Lynnfield, announced last week that average electricity bills will decrease by 2.2 percent for residential customers, more than 1.3 percent for commercial customers and about 4 percent for industrial customers in the second quarter (April to June).
The decrease is due to a lower Purchased Power and Fuel Cost Adjustment, which is paid by customers in addition to basic supply rates.
The change reflects recent decreases in the cost of energy as the municipal utility tries to stabilize fuel charges and costs for its customers with its power supply agreements, according to PMLP.
PMLP General Manager Glenn Trueira says a residential customer who uses 500 kilowatt hours (kwhs) of electricity per month, for example, will be billed $57.68 instead of $58.98. An average commercial customer uses 2,000 kwhs per month.
"PMLP customers are reminded to conserve energy to hold down their own energy costs since the power supply market can be volatile and prices can fluctuate. PMLP also encourages everyone to take steps to ensure that they are using energy wisely," says an announcement released last week.
For more information on PMLP and energy-saving tips, check out the website.