Oglesby commissioner offers ideas for lower electric rates

Oglesby commissioner offers ideas for lower electric rates

Part of the Oglesby electric rate study is done. City Commissioner Jason Curran thinks some businesses should get a rate cut. He says the city’s profit margin in the small commercial category is 15.5%. The consultant recommends 12 to 20 percent. So he’d cut the rate by 15%.

Curran says more business could get rate cuts after more smart meters are put in and discounts can be given based on use during off-peak hours. Curran says when the rest of the study is done, he hopes to recommend a residential rate cut too.