Wolfeboro municipal electric rates expected to fall
According to Wolfeboro Municipal Electric Department Director of Operations Barry Muccio, the generation portion (energy supply) of about 5,800 residential and commercial customers will decrease by 24 percent. Muccio credits good timing, a dip in electric costs in general, and planning for the savings.
The decrease is a result of negotiating an extension of the Wolfeboro department's contract with energy supplier Constellation Energy, based in Baltimore, Md. He said negotiations with Constellation Energy started last year, request for proposals were sent out early and companies prequalified.
The reduction could save $15 off a typical residential customer's bill.
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