Why does NTUA increase utility rates?
First of all, we do not like having to increase the price of utilities. We understand that paying more is difficult for all of us; however, the revenue coming in today unfortunately is not enough to cover expenses for day-to-day operations, including purchasing materials and supplies in order to provide the necessary upkeep of the utility system. We strive very hard to keep utility rates at the lowest cost possible. We considered adjusting the electric utility rates five years ago to cover the increased cost of doing business. Instead, NTUA began to look at all alternatives and seek more cost effective options to run its operations. Those actions proved to be effective over the past five years by holding off any electric rate increase. Rising costs are everywhere and affect everyone. We see the higher prices at the grocery stores and certainly at the gas stations. Prices are continually rising, including the cost of utility supply. We work hard to control internal expenses, yet the cos
