Electricity rates will rise 2.7% for Green Mountain Power customers, effective October 1. Paying for storm damage repairs and the loss of the 2017 federal tax reform two-year rebate are two key price drivers.
"GMP had originally asked for a 2.92% rate increase. Business groups complained recently though that because a temporary bill credit expires next month, and other costs – such as rebuilding from major storm damage – will be rolled into bills, the actual combined total impact on bills will be between 16% and 20% over three years."
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