Rates

GVEA offers five different rates to its members, depending on the classification of the service provided. The rates are divided into two categories: Residential and General Service (GS). Eighty-five percent of the electric services on GVEA's system are single-family dwellings, classified under the Residential rate. The four General Service rates apply to small and large power users that do not qualify for the Residential rate.

The General Service rates break down as follows:
GS-1 General Service	Services under 50 kilowatts (kW) of demand per billing cycle
GS-2(S) Large General Service Secondary	Services 50 kW and higher of demand per billing cycle
GS-2(P) Large General Service Primary	Services at primary voltage
GS-3 Industrial Service	Services at transmission voltage

Customer Charge

A flat fee that covers costs for meter reading, billing and customer service.

Utility Charge (kWh charge)

This charge is multiplied by the number of kilowatt-hours (kWh) used in a monthly billing period. It covers the costs to maintain power plants and substations, interest on loans as well as wires, power poles and transformers.

For our example of the average residential bill, the Utility Charge is calculated:
700 x $.08337 = $58.359

Fuel and Purchased Power

This charge is based on a combination of forecasted and actual power costs. The monthly charge allows Golden Valley to pass on increases and decreases in fuel and energy purchases to our members. It is calculated quarterly and multiplied by the kilowatt-hours used each month.

In the sample bill, it is calculated as:
700 x $.09137 = $63.959

Regulatory Charge

This charge of .000552 per kWh is set by the Regulatory Commission of Alaska. Since November 1, 1992, the Regulatory Commission of Alaska (RCA), has been funded by a Regulatory Charge to the utilities it regulates rather than through the State general fund. The charge, labeled "Regulatory Cost Charge." on your bill, is set by the RCA and applies to all retail kilowatt-hours sold by regulated electric utilities in Alaska.

Bill Calculation

The following example shows how the total due was calculated for a sample residential bill for 700 kilowatt-hours.
Monthly customer charge	$17.50
700 kWh x $0.08337	$58.36
	$75.86
Fuel and Purchased Power* (700 kWh x $0.09137)	$63.96
Regulatory Cost Charge** (700 kWh x $0.000552)	$0.39
Total due:	$140.21
Rates last updated 12/31/09 * Fuel and Purchased Power in effect since 09/01/10. ** RCC in effect since 07/01/10.

GVEA Electric Rate Schedules

Residential		Effective Rates***
Customer Charge	$17.50
Utility Charge	$0.08337 / kWh	$0.17474 / kWh
GS-1 General Service		Effective Rates***
Customer Charge	$20.00
Utility Charge	$0.08262 / kWh	$0.17399 / kWh
GS-2(S) Large General Service Secondary		Effective Rates***
Customer Charge	$30.00
Demand Charge	$10.24 / kW
Utility Charge	$0.04484 / kWh	$0.13621 / kWh
GS-2(P) Large General Service Primary		Effective Rates***
Customer Charge	$30.00
Demand Charge	$10.24 / kW
Utility Charge	$0.04484 / kWh	$0.13621 / kWh
GS-3 Industrial Service		Effective Rates***
Customer Charge	$295.00
Demand Charge	$16.38 / kW
Utility Charge	$0.02107 / kWh	$0.11244 / kWh
*** Includes Fuel and Purchased Power

How to Calculate Your Monthly Bill

You can calculate your monthly bill based on your prior kWh usage with our bill calculator. Your kWh usage is shown on your monthly billing statement.