Greer CPW Commissioners approved Monday new electric rates that would impact both residential and commercial electric customers.
On average, the customer’s electric bill will go down by 2.5%, according to a CPW report. “We have worked diligently to reduce our operational costs over the last few years,” said Mike Richard, Greer CPW General Manager. “Those reductions plus a decrease in the cost to purchase power allowed us to pass the savings to the customer.”
The new electric rates will go into effect January 1, 2021.
Greer CPW provides electric service to approximately 21,000 customers within the city of Greer and in certain unincorporated areas nearby.
“We believe this is a positive change for our customers and the decrease is a testament to CPW staff reducing expenses without impacting quality of service,” said Jeff Howell, Greer CPW Chairman.