A&N Electric Cooperative’s cost for wholesale power will decrease for members on Jan. 1, 2024. Residential co-op members should notice the power cost adjustment will be $0.00713/kilowatt-hour. For every 1,000 kilowatt-hours of use, residential members will save $1.53 compared to the most recent power cost adjustment in 2023.
While the Power Cost Adjustment decreased, it will remain an overall charge on a co-op member’s monthly billing statement.
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.