An adjustment in the co-op’s rate structure will take place April 1.
Several years ago, IECA’s board of directors moved forward with a rate plan to help stabilize financial uncertainties caused by weather fluctuations. The long-term plan was, and still is, for the co-op to see a rate in which kWh charges are essentially a pass-through of wholesale costs from the power supplier and the service availability rate takes care of the operations necessary to reliably deliver power.
With that plan in mind, residential members will see an adjustment in their rates beginning April 1. The co-op will be decreasing the kWh charge members pay for their electric usage, while slightly increasing the daily service availability charge.
Based on projected kWh sales, this adjustment is expected to be revenue-neutral for the co-op, and will better align the rate structure with the co-op’s long-term plan as mentioned.
The kWh charge will be decreasing from $0.084827 to $0.08389 and the co-op’s service availability rate will be increasing from $1.24 to $1.29 per day. The co-op’s average member uses around 1,200 kWh per month. Based on a 30-day month, the April 1 rate adjustment would change the average member’s bill from $138.99 to $139.37. At most, members not using any kWh will see the nickel a day service availability increase, which equates to $1.50 per month.
While virtually all aspects of today’s cost of living continue to rise, Intercounty prides itself on the value that electricity provides to the families of rural Missouri.
Intercounty continues to focus on keeping the cooperative financially strong on behalf of all members in order to continue providing safe, reliable service at the lowest practical cost. For a member-owned cooperative like Intercounty, it is not about profit, but instead about how the co-op can better serve its members.
