Rate Change in July 2020

Posted: June 30, 2020 at 4:06 pm

June 26, 2020 – Homer Electric Association, Inc. (HEA) members will see a change in their monthly bills beginning July 1, 2020.

HEA requested a rate change to the Cost of Power Adjustment (COPA) from $0.07767 per kilowatt hour (kWh) to $0.08113 per kWh.

COPA reflects the cost of the fuel (primarily natural gas) used to generate electricity.  The increase reflects impacts from the COVID-19 pandemic on different aspects of HEA’s operations.

The requested rate change will result in an increase of $1.90 in a monthly residential bill for HEA members using the average of 550 kWh/month. If approved by the Regulatory Commission of Alaska, the proposed change will be effective for all billings beginning July 1, 2020.