Sawnee Electric Membership Corp. has announced that retail electricity rates will see a reduction beginning in October.
Sawnee EMC, an electric utility serving more than 150,000 accounts in seven counties of North Georgia, announced that, effective Thursday, its wholesale power cost adjustment factor by which members are billed will be reduced.
"The cost that we are seeing for electricity is coming down a little due to decreases in the price of the fuels used to generate it; and we are proud to be able to pass this savings on to our members by lowering their rate," said Michael A. Goodroe, president and CEO of Sawnee EMC.
This action will affect residential and most commercial accounts served by Sawnee EMC.
The net effect of this action will reduce the amount each member will pay for electricity for the remainder of 2008.