Anticipated Rate Decrease for 4th Quarter

Posted: September 18, 2020 at 5:13 pm

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.