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References: #Charleston Regional Business Journal #SCE&G
Electric rates to rise; gas to fall
Electricity rates will be rising in November, as government oversight boards have approved a rate hike by SCANA, and SCE&G (a SCANA company). Average customers using around 1,000 kwh will see an increase of $6.53 per month.
The Charleston Regional Business Journal has some reporting on the rate hike, saying in part:
The state Public Service Commission granted a request Wednesday by S.C. Electric & Gas for a midyear electric rate increase to pass higher costs of fuel, especially coal, along to consumers. The utility initially had sought two midyear increases but negotiated with the state’s Office of Regulatory Staff to drop the second as the cost of fuel leveled off.
On the upside, the bill for those using natural gas should drop as the wholesale price has also fallen.
For more details your best is The Charleston Regional Business Journal's write up.
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