Electric billing rate adjustment necessary

Effective April 1, an adjustment will be made to all Central Electric general service, residential, commercial, and security light billing rates. The rate adjustment is necessary to meet increasing wholesale power costs being handed down through the wholesale power market, as well as increased operating and maintenance related costs experienced by the cooperative.

As a not-for-profit cooperative owned by the members, Central Electric takes all necessary steps to ensure affordable power. Operating as close to at-cost as possible, rates are set to generate enough revenue to purchase power and provide exceptional service to the membership.

Beginning with bills received on or after April 1, residential accounts will notice an increase of 7 percent in the kWh rate and an increase of $3.00 in the basic facility charge which will change from $31.00 to $34.00 each month. Based on the average all-electric residential consumer that uses 1,400 kWh in one billing period, the average member can expect an increase of approximately $15.10.

While a rate adjustment is necessary at this time, your cooperative is continually seeking ways to provide affordable and reliable power to its members at the most competitive cost, now and into the future.