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Rates

GVEA Supports Anchorage Power Pooling Agreement

Today, two press releases were issued on the subject of the Power Pooling and Joint Dispatch Agreement. Click on the appropriate link below to open the press release. Joint Press Release from: Chugach Electric Association Municipal Light & Power Municipality of Anchorage Matanuska Electric Association GVEA’s Press Release on this …

GVEA Files 2016 Electric Rate Study w/ RCA

In mid-December, GVEA submitted its 2016 electric rate study to the Regulatory Commission of Alaska (RCA). GVEA is requesting that its revenue requirements be reduced by 1.3 percent (or $3 million annually) and its rates be based more closely to cost-of-service. The rates being proposed by GVEA results from a detailed cost-of-service analysis, as well as the …

GVEA Files 2016 Electric Rates Study with the RCA

Note:  This press release was issued Dec 20, 2016, to the primary media outlets. FAIRBANKS — Golden Valley Electric Association has filed for a $3 million decrease in its revenue requirements for operating its electric utility with the Regulatory Commission of Alaska. If approved, this revenue decrease and rate design …

GVEA’s 2016 Electric Rate Study Filing

Every few years Golden Valley Electric Association commissions a study to determine how much it costs to provide electric service to its members. GVEA’s 2016 Electric Rate Study will be filed with the Regulatory Commission of Alaska (RCA) by the end of the year. The recent study undertaken found that GVEA’s …

Fuel & Purchased Power Charge Reduced

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 …

Rate Case Evolves into Membership Meetings

After working on the General Rate Case for the past year, noted progress has been made. Before finalizing this work, members will be shown GVEA’s Cost of Service results, as well as the proposed rates GVEA’s board is considering. There will be an opportunity for members to comment. All meetings will …

New Electric Rates Effective June 1, 2016

The Regulatory Commission of Alaska (RCA) has signed off on the increase of two line items across all rate categories on monthly electric bills. The net result of these two increases is an increase of approx. $19 (or 15%) to an average residential electric bill of 600 kWh. Utility Charge:  This increased from $0.11508 to …

Fuel & Purchased Power Charge Continues To Decline

Effective March 1, 2016, the Fuel & Purchase Power (F&PP) charge, which is adjusted each quarter, was lowered.  In December 2015, the F&PP charge was $.0748 per kWh, and now it’s $.0609 per kWh. For the average residential bill of 600 kWh, this will be reflected as a decrease of $8.31/month. The …

Utility Charge to Increase January 1

The Regulatory Commission of Alaska (RCA) recently approved a rate increase of 6.56 percent for all GVEA members. This increase is effective January 1, 2016 and is part of our Simplified Rate Filing (SRF) process, which allows GVEA to adjust rates every six months and is applied evenly across all …

RCA approves early Fuel & Purchase Power adjustment

The RCA has approved GVEA’s request to lower the Fuel & Purchase Power (F&PP) charge one month early.  The new F&PP charge will be in effect Feb. 1 through May 31, 2015.  The net effect on all electric bills will be a decrease of 12%. To learn more about this topic, …