Sheffield City Council approves 2.4% electric rate increase

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Sheffield City Council
Sheffield City Council

Sheffield residents can expect electric rates to go up this fall.

On Monday, the Sheffield City Council approved a 2.4 percent electric rate that will begin showing up in customer’s October utility bills.

According to the Times Daily, “Sheffield Utilities General Manager Steve Hargrove said much of the revenue raised by the rate increase will be used to build a new electrical substation on Three Mile Lane in the Spring Valley area.”

“Energy sales have been on a slight decline the past five years, and this rate adjustment is necessary for additional capital needs for our service area,” he said.

Hargrove explained the 2.4 percent rate hike will increase a monthly bill of $100 by $2.40, or $28.80 per year compared to the same period the year before.