Following public comment at Wednesday’s Fayetteville Public Works Commission meeting, the Board voted to adopt new rates and fees over a two-year period.
PWC said the cost of delivering safe and reliable electric services has increased, which requires increased prices.
According to J.D. Power, average utility prices have risen 34% since 2020. PWC electric rates, including the May 1 increase, have risen 16.5% since then, about half of the national average, as a result of continuing to cut costs whenever possible before raising rates, the utility said…