Del. Electric Cooperative approves rate decrease
GREENWOOD, Del. – Delaware Electric Cooperative’s Board of Directors has approved a rate decrease for all 103,000 of its members.
Officials say that on June 1st, rates for those served by DEC will fall by four percent, which will reportedly save DEC’s membership $7 million per year.
The rate decrease will save the average family using 1,000 kilowatt-hours of electricity $5 per month, or $60 per year. We’re told that when this rate decrease takes effect, members will be paying the same price for power as they did in 2008.
Although the rate change was planned before the COVID-19 pandemic, DEC officials say they hope lower energy costs will help those struggling financially during the pandemic.