HEA warns: Rates to rise in New Year

Dec 29, 2020

 

Credit Homer Electric Association

   Homer Electric Association customers can expect to see another rate increase coming in the new year.

    A press release from the co-op Monday says it has submitted a request to the Regulatory Commission of Alaska (RCA) to increase the Cost of Power Adjustment charge to customers from 8.07-cents per kilowatt-hour to 8.4-cents per kilowatt-hour.

    The Cost of Power Production, or COPA, reflects the increased cost of having to use fuel to generate electricity. According to HEA, it is adjusted on a quarterly basis.

    If approved by the RCA, the new rate will mean an increase of over $2 per month for every residential member using 550-kilowatt hours of electricity.

    Pending approval from the RCA, the rate change will be effective Jan. 1, 2021.