Increase in MLGW electric rates approved

Local News

MEMPHIS, Tenn. ( — The Memphis City Council and Memphis Light Gas & Water have reached a months old stalemate over the raise in your electric rates

Tuesday, council members approved a 3% increase that would take effect in July. That means customers will be paying an extra $2.70 every month. Electricity rates will increase 2.7% in 2021 then rise again 1.5% in 2022.

On average, customers will pay $8.98 by the third year, but these changes will not be made final until after a required progress report from MLGW to the Council showing efforts to reduce costs at the utility.

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