MEA Members To See Fourth Quarter Rate Increase

Last Updated: 
December 10, 2020
MEA Members To See Fourth Quarter Rate Increase October 1, 2018 Matanuska Electric Association’s typical member using approximately 696 kWh of electricity can expect to see an increase of about 1.61 percent (or $2.41/month) to their overall bill as a result of fourth quarter adjustments to the base and cost of power adjustment (COPA) rates, effective October 1, 2018. The MEA Board of Directors voted on August 13, 2018 to authorize an increase in base rates of 1.15 percent, which was recently approved by the Regulatory Commission of Alaska (RCA). In addition to the base rate adjustment, MEA has calculated an increase of 2.81 percent to the quarterly COPA rate, pending RCA approval. Since the beginning of the year MEA members have seen relatively little fluctuation in electric rates with the overall increase since January 1, 2018 less than one percent for the typical member (using approximately 696 kWh per month). Under the terms of rules set by the RCA, MEA may file for limited increases or decreases in base rates on a quarterly basis, provided the adjustments stay within certain financial parameters established by the RCA.  The COPA rate fluctuates quarterly based on current fuel and purchased power costs. ### Matanuska Electric Association, Inc., Alaska’s oldest existing and second-largest electric cooperative, is owned and operated by its over 51,000 members. MEA’s service area covers nearly 4,500 miles of power lines in Southcentral Alaska.
Attachments
No items found.