October 20, 2020
Palmer, AK – MEA members will see a slight decrease in overall rates for 4th quarter due to a small change in MEA’s cost of power adjustment (COPA) rate which went down .51%. MEA currently has the lowest energy charge (base rate) of electric utilities within the Railbelt. This is also the third overall quarterly rate decrease for MEA members in 2020.
For a typical member consuming about 641 kWh per month electricity will see their overall bill decrease by about $0.24 or .17%. In the September Board meeting, MEA’s Board of Directors voted to keep base rates for members the same during the 4th quarter of 2020. The base rate, effective October 1st, was approved by the RCA.
MEA may file limited increases or decreases in base rates on a quarterly basis, provided the adjustments stay within certain financial parameters established by the RCA. The base rate includes the costs of infrastructure and bringing power to our members’ homes and businesses. The COPA rate fluctuates quarterly as fuel and purchased power costs change based on global and Alaska-specific factors.
View MEA 4Q 2020 Rate Sheet (.pdf)