Delmarva Power customers in Delaware could soon see higher electric bills as the utility seeks a nearly $70 million increase to its base rate. While lawmakers agree that rate hikes could be problematic for many in the First State and that Delaware needs more energy, they remain divided on what’s driving the proposed increase and how to address it.
Delmarva Power is asking state regulators for a significant electric rate hike that could raise monthly bills for customers across Delaware, according to the Delaware Public Advocate.
Natural gas prices have continued to increase this year and are up nearly 60 percent year to date. This is largely due to increased U.S. demand and the ongoing energy crisis in Europe.
The Delaware Division of the Public Advocate announced Tuesday that it has filed a petition with the Delaware Public Service Commission to decrease the rates of all Tidewater Utilities, Inc. customers by approximately 8 percent.
