National Power to forgo increase, keep rate at 11 cents per kilowatt-hour. National Power Co tried to hike rates for fixed rate customers, and then changed its mind after chatting with the PUC. I was considering NPC as a supplier a while back, but I imagine this incident is going to be a business killer. Current variable rates are sky high, and I am not looking forward to the end of my fixed rate this summer (12.9c/Kwh for 100% renewable!).
PUC spokesman Terry Hadley said the commission isn’t ready to conclude its investigation just yet. And the commission hasn’t returned National Power’s offers to the powerto choose.org consumer Web site, after dropping the company on Wednesday.
National Power pulls plug, drops customers. That didn’t take long. Interestingly, Simple Power had a 12.7c variable rate (promotional) advertised yesterday, which rocketed to 16.3c/Kwh today.