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Why is Fairport Electric so cheap? Fairport Electrics rates are typically 1/3 less than that of other utilities in the region because electricity comes not only from the availability of hydropower, but also because Fairport Electric has not-for-profit status, and is small and well-managed.
Fairport Electric is owned by the residents (and electric customers) of the Village of Fairport and most of Perinton. An investor-owned utility is owned by shareholders. Fairport Electrics operations are overseen by an appointed, five person Commission of local residents.
As a condition of generating power using the waters of the Niagara River, NYPA must sell a portion of its generation to municipal and investor-owned utilities at a low, preference price. Fairport Electric is a non-profit enterprise and can resell that power to its customers at a below-market price.
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