Board Adopts New Rates Effective May 1, 2023
During the Mar. 8, 2023 meeting, the PWC Board adopted new rates that will be effective May 1, 2023. Additional water/wastewater rates will be effective May 1, 2024.
- Utility rates are driven by cost of supplying safe, reliable utility services. Inflation, Supply Chain, Capital Investments, required reserves are current key factors that are driving need for rate increases
- PWC is currently preparing its FY24 fiscal year budget and is PWC is projecting to need an additional $34 million for the significant cost increases. Without the rate increases, reliability (rehabilitation and replacement) projects, planning for growth and preparation for new environmental regulations will be delayed.
- Examples of increased costs include a 40-70% increase in the cost of chemicals to treat water and 100-200% increase in the cost of electric transformers.
- Other factors in the water/sewer rate increases include: Preparation for the implementation of a Granular Activated Carbon treatment process to address PFAS/emerging contaminants and significant utility line relocations because of three major NCDOT projects in Fayetteville (Raeford Rd, Ramsey St and Camden Rd). Those costs were originally estimated to be $60 million, and it has grown to $130 million.
- PWC uses a rate stabilization fund to help address drastic increases to avoid significant rate increases. PWC expects to use nearly $27 million of its electric rate stabilization fund next year, that will not cover expected expenses. PWC has received a $4.9 million ARPA grant that will go toward wastewater rehabilitation project and is continuing to pursue recovery funds.
Adopted Rate Effective Mar. 8, 2023
Adopted Residential Rates Effective May 1, 2023
Electric
Water
Adopted Non-Residential Rates Effective May 1, 2023
Electric
- Small Power Service
- Medium Power Service
- Area Lighting Service
(not open to new installation) - Traffic Signal Service
- Sports Field Lighting
- Church Service
(not open to new customers) - NC Renewable Energy Rider (REPS)
- Buy All Sell All Rider
- Large Power Service Coincident Peak
(not open to new customers) - Standby Service Rider
- Medium Power Service Coincident Peak
- Small Power Service Whole Business
- Renewable Energy Buy Back Rider
- Large Power Service Noncoincident Peak Differential
- Large Power Service Noncoincident Owning Transmission
Water
Adopted Wholesale Rates Effective May 1, 2023
Adopted Residential Water Rates Effective May 1, 2024
Water
Adopted Non-Residential Water Rates Effective May 1, 2024
Water
Adopted Wholesale Rates Effective May 1, 2024
