Town of Benson residents will see lower electric bills starting this month.
On average, residential customers should save about $150 per year as a result of an 8 percent decrease in their electricity rates. The Benson Board of Commissioners unanimously voted in November to lower the rates.
The reduction is possible because Duke Energy Progress in July bought power-generating capacity from the N.C. Eastern Municipal Power Agency. The agency, made of public power towns like Benson, sold about $1.25 billion in assets to Duke Energy.
“As a result of the merger, the Town of Benson will realize a reduction in its local purchase power bill in excess of $500,000 per year. The savings in power costs have been passed onto the local customer,” said Town Manager Matt Zapp in a news release.
For example, a customer who uses 1,000 kwh per month currently pays $138. That customer will save about $12 per month starting in December, which adds up to about $143 per year. A customer using 2,000 kwh per month will save about $22 every month, or $268 a year.
“The Town of Benson is extremely pleased to lower electric rates for our customers,” Mayor William W. Massengill Jr. said in a news release. “Our board and staff have worked very hard to get us to this point. The economic impact of this decision will be felt across the community. Lower power bills in Benson will help residents and businesses alike.”