A&N Electric Cooperative’s cost for wholesale power decreased slightly for members beginning Jan. 1, 2023.
Residential co-op members should notice the power cost adjustment is now $0.01129/kilowatt-hour. For every 1,000 kilowatt-hours of use, residential members will save $2.37 compared to the most recent cost of power in 2022. While the Power Cost Adjustment will decrease slightly, it will remain an overall charge on a co-op member’s monthly billing statement.
The power cost adjustment changes periodically to reflect the cooperative’s current wholesale power costs, which includes the costs of generating the electricity you use. This is a State Corporation Commission-approved adjustment and is a direct pass-through of actual costs, plus or minus any over- or under-recovery of electricity supply costs during the previous year.