News

Fuel & Purchase Power Charge Continues to Decline

by | Dec 3, 2018 | Rates | 0 comments

GVEA’s Fuel and Purchased Power (F&PP) rate, effective December 1, 2018 through February 28, 2019, has decreased from 10.502¢ to 8.648¢ per kilowatt-hour. This is a decrease of 18 percent from the previous F&PP rate approved by the RCA.

Based on the average usage of 600 kWh, the impact of the lower F&PP will decrease a residential member’s monthly bill by approximately $11.

The main reason for the decrease is having Healy Unit 2 online fulltime and lower Intertie purchases, which offsets increasing fuel prices. The F&PP is adjusted on a quarterly basis and is billed based on kWh consumption. The current F&PP includes a true-up of actual data from the prior three-month period (May through July), as well as an estimate for August.

The F&PP charge has been decreasing over the past four quarters:

  • Dec 1, 2018:  8.648¢
  • Sept 1, 2018:  10.502¢
  • June 1, 2018:  11.071¢
  • Mar 1, 2018:  11.227¢

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Meadow Bailey

907-451-5676
pr@gvea.com

Ashley Bradish

907-458-4518
pr@gvea.com

Grace Wilson

907-451-5847
pr@gvea.com

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