MAYS LANDING — Electricity supply rates will decrease for Atlantic City Electric customers this summer because of lower-priced contracts taking effect June 1.

Residential customers using an average of 1000 kilowatt hours of electricity a month will see their bills decrease by about 4.5 percent, from $188.62 to $182.80, resulting in a monthly savings of $5.80.

The rate decreases are a result of lower commodity fuel prices, which were obtained through a competitive bid process to supply electricity to Atlantic City Electric’s Basic Generation Service customers. Supply refers to the generation of electricity.

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