Nixa lowers electric rates

Electric rates are coming down for residents of the city of Nixa.

Nixa City Council voted Feb. 14 to lower rates for the next few years, according to a news release. Residential customers will see a roughly 2-cent drop per kilowatt hour starting with their April bills.

“For more than five years, we’ve been working hard to get to this moment," said Doug Colvin, director of Nixa Utilities and Public Works, in the release. "We have new agreements to get Nixa’s power at lower prices, reducing our utility’s risk exposure to volatile pricing on the open market."

Under the new plan, a residential customer using 1,000 kWh per month would pay $120 before any potential energy cost adjustment, down from $137.82 per month currently.

In the release, Colvin pointed to Nixa's sale of its transmission system a few years ago, a decision that "saved us from expensive maintenance and regulatory compliance costs, while allowing the utility to pay off its debt completely.”