Homer Electric Association (HEA) members will likely see a rate decrease effective October 1, 2020.
HEA has submitted a filing with the Regulatory Commission of Alaska (RCA) that requests a decrease in the Cost of Power Adjustment (COPA) from $0.08113 per kilowatt-hour to $0.08067 kilowatt-hour.
COPA reflects the cost of the fuel purchased by HEA to generate electricity and purchased power. It is adjusted on a quarterly basis.
If approved, the new rate will mean an approximate decrease of $0.25 per month for the average HEA residential member using 550-kilowatt hours a month.
Pending approval from the RCA, the rate change will be effective October 1, 2020.