On Nov. 20, the Gunnison County Electric Association (GCEA) Board of Directors approved a proposed 4.5% rate increase, set to take effect on Jan. 1, 2025. GCEA will hold a virtual member meeting on Tuesday, Dec. 10 at 6 p.m. to review rate increase details, listen to member concerns and answer questions. To receive a link to the meeting, or view the complete list of proposed rate changes, visit gcea.coop. The last rate increase GCEA imposed was 5% in March 2024. The average monthly residential member bill will increase by roughly $6 based on an average of 688 kWh per month of usage. The monthly service availability fee will increase by $2 for most residential and commercial accounts.This proposed rate increase is driven by the need to replace aging infrastructure as well as increased labor, material and support service costs. To smooth the impact on member rates, the board approved the use of deferred revenue to cover 34% of the needed increase to meet the 2025 budget. The rest of the increased expenses will be recovered by the 4.5% overall increase to members’ rates. GCEA reviews rates every year to ensure any changes are made thoughtfully, while keeping electricity reliable and affordable. The board supports beneficial electrification — using electric alternatives in homes, businesses and transportation — not only to address climate challenges but also to help reduce future rate increases. By using more electricity from clean sources, members can help keep rates lower over time by spreading fixed expenses across more kWh sales.(Source: Gunnison County Electric Association.)
Comments
No comments on this item Please log in to comment by clicking here