Bonneville Power Administration (BPA) announced a 5.4% average wholesale power rate increase effective Oct. 1, 2017. We will pass this increase in our cost of power to our members also effective Oct. 1, 2017.
We will hold a Rate Change Meeting on Tuesday, Sept. 19, 2017, at the Vernonia Rural Fire Department Building, 555 Bridget Street, Vernonia, starting at 6:00 PM to discuss this change.
This will be an increase in all classes and blocks of $0.0023 per kWh used. This means that for each 100 kWh you use your bill will increase by $0.23 (23 cents). For consumers using 1000 kWh the bill will increase by $2.30 a month.
You will see this increase in the bill you receive in November for the power that is consumed and billed for October.
Rural Electric Cooperatives work on a cost basis; we charge just what it costs us to provide the service. As our costs change the price that we charge should also change. The cost of power we purchased in 2016 averaged $0.0420/kWh (4.20 cents) and is being increased to $0.0443/kWh (4.43 cents). We are increasing nothing but the cost of power.
All members are welcome to attend and to ask questions at this meeting.