The Electrical District No. 3 (ED3) board of directors approved its 2019 budget and announced the 2019 electric rates will go down an average of 2 percent for residential, commercial, small industrial, large industrial, and agriculture. It is the fourth year in a row for a rate decrease.
William Stacy, CEO and general manager, said the District has worked diligently to reduce costs. The rate becomes effective Jan. 1.
According to ED3 its average residential rate are 10-percent lower than Phoenix utility APS, which is a target of Prop 127.
ED3 operates 12 distribution level substations, approximately 1,034 miles of 12 kV lines (621 miles of overhead and 413 miles of underground) and 77 miles of 69 kV lines. The District currently serves approximately 26,000 residential, commercial, and irrigation meter connections.