Residential and business customers served by the Town of Selma will see higher electric bills starting this month.
Tuesday night, the Selma Town Council approved an increase in base rates charged to all of their power customers. The increase was adopted following the presentation of a study on the town’s electric rates and the financial health of the utility operations.
The Cost of Service (COS) study recommended an across the board increase in base rates.
Effective with Selma’s April power bills, residential customers will see their base rate increase from $8.50 to $10.19 per month, a $1.69 monthly increase. Pre-pay meter customers will see base rates increase from $14.00 to $15.72.
Small general service business base rates will go from $17.00 to $19.72 per month. Medium service business base rates will jump from $20.00 to $39.27 while Large general service business base rates will increase from $40.00 to $110.00.
Selma’s residential base rate is still lower than Duke Energy’s average residential base rate of $14.00
The kilowatt-hour charge for all Selma power customers will remain the same.