Rising cost of fuel and materials will increase power cost
Due to rising fuel costs to generate power and overall increases in expenses, Clay Electric Cooperative will implement an increase in its rates, beginning with December billing cycles. Members using the industry household average of 1,000 kWh of power will pay $115.90, a $4 increase. The previous cost was $111.90 and took effect in January 2021.
The change, which was to take place in November but was delayed due to billing system issues, marks the first increase higher than the rate set in 2018. The higher cost will be reflected in the Power Cost Adjustment (PCA) on members’ power bills.