Upcoming adjustments to GVEA member rates
FAIRBANKS, Alaska - Members of Golden Valley Electric Association will see a decrease in the rate they’re being charged for power on Thursday, December 1.
GVEA announced the Fuel and Purchased Power Rate charged to customers has gone down from 12.7 cents per kilowatt hour to 9.2 cents per kilowatt hour. This decrease will be in effect through February 28, 2023. This drop, according to the utility, is caused by oil prices being lower than projected, and the availability of more hydropower from the Bradley Lake Hydroelectric Project.
Meanwhile, the Utility charge will increase on January 1, 2023 from 12.7 cents to 12.9 cents per kilowatt hour. GVEA states the Utility charge covers operational costs for power plants, substations, interest on loans, depreciation, power poles, transformers and maintenance costs. Overall, members’ are expected to save approximately $19 dollars and 72 cents on their monthly electric bill, based on an average usage of 600 kWh per month, starting January 1, 2023.
This comes as many members’ bills are likely to undergo the typical winter increases from extra electric usage due to the long winter nights and plugging in vehicles.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Contract manufacturer Flex cuts 155 SIlicon Valley workers - Silicon Valley Business JournalContract manufacturer Flex is cutting back its Silicon Valley workforce.
Read more »
Waubonsie Valley girls open DuPage Valley Conference play by topping Naperville Central in OTThe Waubonsie Valley girls basketball team opened DuPage Valley Conference play with a 60-56 overtime defeat of visiting Naperville Central to improve to 5-1 on the year.
Read more »
Europe Electric Car Sales Report — 13.6% Of New Cars Fully Electric23.2% of new automobiles sold in Europe have a plug.
Read more »
Ex-Avon Lake cheerleader sues top competitive cheerleading association; alleges choreographers sexually assaulted himA former Avon Lake competitive cheerleader sued two choreographers and accused them of sexually assaulting him when he was 17 years old. The suit also accused the top competitive cheerleading association and governing body of failing to provide safeguards for athletes.
Read more »
Fairbanks Drama Association prepares first annual holiday play since 2019“The show is a sequel in a way, a follow-up to Jane Austen’s ‘Pride and Prejudice,’” said director Paul Adasiak.
Read more »