The Vermont Public Service Board has approved a rate increase of one-third of 1 percent for Central Vermont Public Service Corp., effective Jan. 1.
In its order approving the rate increase, the board also opened an investigation to review CVPS’s rates and could reduce rates after doing so.
The company says a bill for a residential customer who uses 500 kilowatt-hours of electricity per month will rise from $73.11 to $73.35, a difference of 24 cents.
CVPS also says cites a report from the Edison Electric Institute saying the same customer would pay up to $83.16 elsewhere in Vermont, and $117.45 elsewhere in New England.