2Q Rates: No Change in base Rates, Slight Decrease in COPA rate
Starting April 1, MEA members will see no change to base rates (also known as the "energy charge") as approved by the MEA Board of Directors at their February Board meeting. Also in the second quarter, the COPA component of rates, which primarily recovers fuel and purchased power costs, decreased slightly by approximately 0.2%, subject to RCA review and approval. Effective April 1, MEA members will see the new Electric Reliability Organization (ERO) charge on their monthly bill. A typical MEA member consumes approximately 653 kWh per month and can expect to see an overall increase of about $0.39 (or 0.27%) on their monthly bill due to the new ERO charge. MEA may file limited increases or decreases in rates on a quarterly basis, provided the adjustments stay within certain financial parameters established by the RCA.
1Q Rates: Overall Remain Unchanged
A typical MEA member consumes approximately 673 kWh of electricity per month and can expect to see roughly no change to their monthly bill due to first quarter rate revisions in 2023. MEA’s Cost of Power Adjustment (COPA) is decreasing by 4.45% from the previous quarter, which is subject to RCA review and approval. The COPA decrease is being offset by a 2.5% increase in base rates, which took effect January 1,2023, and was approved by the RCA. MEA’s Board of Directors voted to increase base rates in the first quarter of 2023 by 2.5% due to inflationary increases to the cost of bringing power to members’ homes and businesses.
MEA's rates are evaluated quarterly, and rate changes must be submitted by our Board of Directors and approved by the RCA.
overall in Q4 of 2022
overall in Q3 of 2022
overall in Q2 of 2022
overall in Q1 of 2022