Homer Electric Association (HEA) members will likely see a rate decrease effective October 1, 2017.
HEA has submitted a filing with the Regulatory Commission of Alaska (RCA) that decreases the Cost of Power Adjustment (COPA) from $0.07205 per kilowatt-hour to $0.06805 per kilowatt-hour.
COPA reflects the cost of the fuel purchased by HEA to generate electricity and is adjusted on a quarterly basis.
The new rate will mean a decrease of $2.20 per month for the average HEA residential member using 550-kilowatt hours a month.
Pending approval from the Regulatory Commission of Alaska, the rate change will be effective October 1, 2017.