March 30, 2016 – Homer Electric Association is requesting a rate change in its quarterly filing with the Regulatory Commission of Alaska.
In its filing, HEA is proposing to decrease the Cost of Power Adjustment (COPA) from 6.656 cents per kilowatt hour to 6.316 cents per kilowatt hour. COPA mainly reflects the cost of fuel (natural gas) used to generate electricity and is adjusted on a quarterly basis.
The reduction in the COPA is partially due to HEA’s new gas supply contract with Furie Operating Alaska LLC that goes into effect on April 1, 2016.
The change to the COPA will mean a decrease in the average monthly residential bill (550 kilowatt hours) of $1.87.
The COPA decrease will be effective for all billings beginning April 1, 2016.