GMP to cut electric rates - WCAX.COM Local Vermont News, Weather and Sports-

GMP to cut electric rates

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About 250,000 Vermonters will get a break on their next electric bill.

Green Mountain Power officials say the utility will cut electric rates by almost 2.5 percent.

The changes will take place Oct. 1.

GMP serves over 70 percent of Vermonters; it's the second rate decrease offered by GMP in the last three years.

"The company looked really hard internally about where can we find efficiencies, where can we find savings that are going to benefit customers," said Kristin Carlson of Green Mountain Power. "It's a challenging time for some families and so we're pleased to be able to offer a rate decrease at a time when many other areas in New England are seeing rate increases."

Rates will go down for both families and commercial businesses.

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