Placid electric rates to rise due to state mandate
LAKE PLACID — Electricity will be more expensive for residents of this village beginning June 1 due to new Clean Energy Standards implemented by the state to meet clean air goals.
The state’s new Clean Energy Standards are part of the governor’s 2015 Energy Plan and have been adopted by the Public Service Commission, which regulates utility companies in the state.
The energy plan is being applied to all electric customers in the state and will support cleaner electric generation by reducing greenhouse gas emissions by 40 percent and by requiring at least 50 percent of the state’s electric needs come from renewable sources by 2030.
The state is supporting these initiatives by assessing two new charges to all state customer electric bills. The first, the Zero Emission Credit, is effective with June 1 billing, and will add $3.17 per every 1,000 kilowatt-hours for Lake Placid electric customers. The purpose of the ZEC is to support continued operation of nuclear plants in the state.
Lake Placid Mayor Craig Randall said that for a building using 5,000 kilowatt-hours per month, the added cost is estimated to be $15.85 per month.
“I can expect this will be one more step toward electrical consumption conservation,” Randall said, “so we will all be contributing to what is hoped by the state to be a future with cleaner energy.”
Beginning next January, the second charge will be the Renewable Energy Credits, to support renewable energy sources. The new charge is estimated to add $0.74 per every 1,000 kilowatt-hours for Lake Placid electric customers. For a home using 5,000 kilowatt-hours per month, the increased rate is estimated to be $3.70 per month.
Village Treasurer Paul Ellis explained that the new charges will be included in the overall Purchase Power Adjustment Charge that already appears on village electric customer’s monthly bills, though the village will look into breaking the ZEC out into its own separate line item in the future.
Ellis added that village electric customer’s can calculate their new ZEC charge by dividing the kilowatt-hour total listed on their bill by 1,000, and then taking that number and multiplying it by $3.17.
Ellis also said there are several other factors that affect the overall PPAC charge that are out of the village’s control. The outside factors sometimes result in a credit and sometimes a debit, Randall explained.
“The PPAC is not a fixed number — it varies every single month,” the mayor said, “and sometimes it is a credit as opposed to a charge. So this is just one of several elements that is attributed to that line in the sheet.”



