A&N Electric Cooperative’s cost for wholesale power decreased for members on Aug. 1, 2023. Residential co-op members should notice the power cost adjustment is now $0.00866/kilowatt-hour. For every 1,000 kilowatt-hours of use, residential members will save $2.63 compared to the most recent power cost adjustment on Jan. 1, 2023. The factor above differs from the amount that was reported in the August edition of Cooperative Living Magazine.

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.