Cooperative’s Power Cost Adjustment Will Rise Slightly for 2022

Cooperative’s Power Cost Adjustment Will Rise Slightly for 2022

A&N Electric Cooperative’s cost for wholesale power will increase slightly for members beginning Jan. 1, 2022. Co-op members will notice a $0.00093/kilowatt-hour change to the Power Cost Adjustment line item on their monthly electric service bills. The Power Cost Adjustment will remain an overall credit but will be decreased by the aforementioned amount.

This will equate to a $0.93 increase for a residential member who uses 1,000 kWh of electricity, compared to their 2021 energy cost.

The power cost adjustment changes periodically to reflect the cooperative’s current wholesale power costs, which includes the costs of generating the electricity you use. This is a State Corporation Commission-approved adjustment and is a direct pass-through of actual costs, plus or minus any over- or under-recovery of electricity supply costs during the previous year.

In 2020 and 2021, the power cost adjustment was in the form of a credit on A&N Electric Cooperative members’ monthly billing statements. The last increase was in 2019.

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