BLUEBONNET ELECTRIC LOWERS RATE

  

Bluebonnet Electric Cooperative has announced it has lowered the fuel portion of its electric rate.

Officials say they lowered the rate by a half-cent, beginning with bills mailed Nov. 1.

This is the second time in two months and the third time in 2015 that Bluebonnet has reduced the fuel portion of its rate, called the power cost recovery factor.

A half-cent reduction equates to a $5 savings for every 1,000 kilowatt hours of electricity consumed. The average Bluebonnet residential member consumes about 1,200 kilowatt hours of electricity per month.

With the three half-cent reductions in the fuel portion of the co-op’s electric rate since February, officials say the average Bluebonnet residential member will pay about $18 less per month than at the beginning of 2015.