Matanuska Electric Association’s typical member (using approximately 680 kWh of electricity) can expect to see a total decrease of about 2.6 percent (or $3.80/month) to their overall bill as a result of 1st quarter adjustments to the base and COPA rates, effective January 2, 2018.
The MEA Board of Directors voted on November 13, 2017 to authorize a decrease in base rates of 2.0 percent, which was recently approved by the Regulatory Commission of Alaska (RCA). In addition to the base rate adjustment, MEA has requested a reduction of 3.9 percent to the quarterly Cost of Power Adjustment (COPA) rate, subject to final RCA approval.
Under the terms of rules set by the RCA, MEA is allowed on a quarterly basis to file for limited increases or decreases in base rates, provided that 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 50,000 members. MEA’s service area covers more than 4,400 miles of power lines in Southcentral Alaska. The co-op is dedicated to working with utilities statewide to provide consumers with affordable and reliable energy. More information at www.mea.coop.