Golden Valley Electric Association Lowers Rates
Fuel and Purchased Power decreases 9.15 percent
GVEA’s Fuel and Purchased Power (F&PP) rate (effective for the three-month period of Sept. 1 through Nov. 30, 2016) is $0.08365 per kWh. This is a decrease of 9.15 percent from the previous F&PP.
The F&PP reflects GVEA’s projected costs for fuel and/or power purchased from other utilities. The F&PP is adjusted on a quarterly basis and is billed based on kWh consumption. The current F&PP includes a true-up of actual data from the prior three-month period (May through July), as well as an estimate for August.
Based on the average monthly residential usage of 600 kWh, the impact of the lower F&PP will decrease a residential member’s monthly bill by approximately $5.05.