Starting January 1, 2025, MEA members will see an overall decrease in their electricity rates due to a 3% increase in the base rates but a 10.64% decrease in COPA (Cost of Power Adjustment) rates.
A typical MEA member consumes approximately 650 kWh per month of electricity and can expect a total decrease of about $2.87 on their monthly bill due to these first quarter adjustments. The COPA rate, which primarily includes fuel and purchased power costs, is subject to RCA review and approval. The base rate component (consisting of the "energy" and "demand" charges) of member bills includes the bulk of the other costs necessary to bring power to MEA members' homes and businesses and has been approved by the RCA effective January 1st. There was also a slight increase to the ERO (Electric Reliability Organization) rate of 6.56%. This charge supports the state mandated Railbelt Reliability Council (RRC) which was approved as the Electric Reliability Organization by the Regulatory Commission of Alaska in September of 2022. You can read more about this charge here.
MEA may file limited base rate increases or decreases on a quarterly basis, provided the adjustments stay within certain financial parameters established by the RCA.