Electric Study Recommends Raising Rates In Wymore
By Gordon Hopkins
Wednesday evening, February 21, during their regular meeting at 7 p.m., the Wymore City Council will hold the first of three readings of Ordinance 676 to set new electric rates.
An electric rate study was completed for the City of Wymore by JK Energy Consulting, LLC, based in Smithfield, and recommends an increase of 8.1 percent in 2024 and 8.0 percent in 2025.
The purpose of the study was to review the financial performance of the city’s electric utility and develop rates that reflect the cost of service. The reports states, “Existing all-electric rates are much lower than the cost of service.”
A motion to raise rates requires three readings at council meetings before it can be implemented, although readings can be waived by a vote of the council. The council opted not to waive the readings to give the public an opportunity to comment at city council meetings.
