Electric Rate Cut Brightens Holidays for Four North Carolina Towns

ST. AUGUSTINE, Fla. - The holidays just got a bit brighter for four North Carolina towns, as residents learned their electric bills will be going down thanks to the towns’ agreements with NTE Energy.

At a time when electricity rates are rising across North Carolina, residents of Black Creek, Lucama, Sharpsburg and Stantonsburg learned their electric rates have been cut 9 percent as a result of savings the communities achieved by terminating their longstanding contracts with Duke Energy in favor of cost-saving power purchase agreements with NTE Energy.

Jonathan Darabos