MANSFIELD -- Town electric customers now have the second lowest rate in Massachusetts, according to a recent analysis by Massachusetts Municipal Wholesale Electric Co.
Mansfield Municipal Electric Department announced the distinction last week, saying it follows a rate reduction across for all customer classes that began July 1.
Select board members, who serve on the town's electric commission, last April voted to approve a 5% rate reduction for customers.
The residential energy charge dropped from 11.65 cents per kilowatt hour to 10.97 cents per kilowatt hour.
The new rate is 47% lower than current residential rates for the state’s investor-owned utilities for similar energy consumed, department officials said.
Commercial and industrial rate classes also saw a reduction.
The new rates are the result of adjusted purchase power charges that reflect projected decreases in power costs for the nonprofit light department, General Manager Joe Sollecito said.
Mansfield Electric was established in 1903 and is one of 40 publicly owned electric utilities in Massachusetts.