NEW BERN, N.C. (WNCT) – For third time since July, New Bern utility rates are set to drop. The savings are not only helping households, but also area businesses.
Tom Ballance, owner of Captain Ratty’s, said since the rate reduction, he has been able to save around $500 each month on utility bills. With the added savings, he will be saving around $6,084 this year. He said with more stable prices, it makes balancing a budget a lot easier.
“It allows us to plan and actually put utilities as a fixed cost instead of a cost that goes up and down,” he said.
For the average household, savings were around $36 each month. Add the new reduction, and the average customer will save around $452 each year.
The North Carolina Eastern Municipal Power Agency (NCEMPA) said rates won’t increase until April 2020. City leaders said that will help them market the area to businesses looking to expand because they will have more competitive rates to offer.