Hamilton, Ohio - The second phase of multiyear City of Hamilton water and electric rate adjustments are scheduled to take effect early in 2016.
In 2014, Hamilton City Council approved multiyear water and electric rate plans. The second phase of water rate adjustments will become effective with utility bills rendered on or after January 1, 2016. The second phase of electric rate adjustments will become effective with bills rendered on or after February 1, 2016.
"Water consumption has decreased over the past decade," said Public Utilities Director Kevin Maynard. "Fewer water sales coupled with less revenue from the new Butler County wholesale water supply agreement have reduced funds available to meet operation and maintenance expenses and to pay for water system improvements needed to ensure reliable water service and community fire protection."
The electric rate plan was designed to be revenue neutral overall, but rates are being adjusted over four years to more accurately reflect the cost of providing electric service to various rate classes.
Under the new rates, a typical Hamilton residential customer will see an increase of approximately $1.28 per month for water service and approximately $2.75 per month for electric service.
However, on December 1, 2015, the City reduced its Natural Gas Cost Recovery Rider (GCR) in response to lower wholesale natural gas costs. This reduction will result in a decrease of approximately $3.15 per month for residential natural gas service in 2016, offsetting much of the electric and water rate adjustments.
"Overall, a typical residential utility bill will increase approximately 88 cents per month," Maynard added. "When these rate adjustments become effective in 2016, the average Hamilton resident will still pay an estimated $283.08 less per year for utility service than with other regional utility providers."
The City of Hamilton owns and operates all four primary utilities, including electric, natural gas, water and wastewater systems. The City is one of the lowest cost utility service providers in the region and state. For further information, contact Utility Business Manager Nathan Perry at (513) 785-7217.