WRVEC announces rate adjustment
March 1, 2013, White River Valley Electric Cooperative is implementing a rate
adjustment which will affect electric bills by approximately nine percent. That
change equals about $10 for the average residential member.
the minimum bill is changing from $25 to $28 and with this change we will no
longer give 20 kilowatt hours with the minimum bill.
a rate increase is never a popular decision,” CEO Chris Hamon said, “There are
times when a rate adjustment is necessary to maintain the financial stability
of the cooperative.”
the last rate adjustment in April 2009, WRVEC has experienced a rise in wholesale
costs and mild weather that led to less kilowatt hour sales which means costs
have to be spread over less revenue. In addition, material and fuel costs have
increased and most recently the Leap Day tornado caused hefty damage and great
expense for WRVEC.
can expect their March bills to be prorated based on their billing cycle.
Statements mailed in April will reflect the first full month of use at the new
is important to remember that WRVEC is a not-for-profit organization which
means that the cooperative will not adjust rates to generate profits. White
River’s mission is to provide safe and reliable electricity.
Cris Swaters, Communications Coordinator
417.335.9335 (WRVEC office)
White River Valley Electric Cooperative News and Events Home