Atlantic City Electric is seeking to increase several pass-through charges on customers’ bills starting June 1, the Mays Landing-based utility said Tuesday.
The charges would increase the average monthly residential bill by about 1.9 percent, or an additional $3.37 per month.
Residential customers using 1,000 kilowatt hours per month currently pay about $182.
The utility’s request to the state Board of Public Utilities said the increase reflects its long-term contracts to purchase power from nonutility generating companies and increases to several societal benefits programs, including state subsidies to make homes more energy efficient.
Atlantic City Electric said it passes the costs to customers, and it does not affect the company’s bottom line.
Residential electricity bills in the region are still set to drop starting June 1, although this requested increase would cut those expected savings by about one-third.
In February, a state-held electricity auction resulted in Atlantic City Electric and most of New Jersey’s electricity providers paying less for wholesale electricity.
Due to the auction results, Atlantic City Electric residential bills are set to drop about 5 percent starting in June, or about $9.50 on the average monthly bill of 1,000 kilowatts.
The figures do not reflect the utility’s latest request for a 1.9 percent increase, which needs to be approved by the BPU to take effect.
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