\KEYSTONE HEIGHTS—Clay Electric Cooperative said it is reducing its members’ power cost in September. The utility said in a news release that members using the industry household average of 1,000 kWh of energy would pay $120, a $3 savings. The previous cost was $123.
“This (power cost adjustment) reduction will mark the fourth time this year Clay Electric members have had a lower power bill; their cost of power has fallen nearly 20 percent since January,” the co-op said.
Clay Electric said it can now lower the cost of power due to the decreasing price of natural gas, which Seminole Electric Cooperative, Clay’s wholesale power provider, uses to generate a sizable portion of the wholesale electricity it provides Clay and eight other distribution cooperatives in Florida.
