Third Quarter Rate Increase

Last Updated: 
July 1, 2024

Starting July 1, 2024, MEA members will see an overall increase in their electricity rates due to a 2.5% increase in the base rates, and an 8.5% increase in the Cost of Power Adjustment Rate (COPA). A typical MEA member consumes approximately 650 kWh per month of electricity and can expect a total increase of about $6.26 on their monthly bill due to these third 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 July 1st. The COPA increase is primarily due to an increase in projected purchased power during third quarter, and the base rate increase is due to continued increases in MEA's operating costs, albeit that this increase had originally been expected to be implemented during second quarter but was able to be deferred until third quarter. 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.

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