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Rates

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, …

New rates effective June 1

Expect an increase to your electric bills effective June 1. An average residential bill of 660 kWh will increase approximately $9 which is 7% higher than first quarter 2014 rates.

GVEA’s cost of power drops slightly

The Fuel & Purchased Power Charge decreased slightly from $0.09631 to $0.09496.  This is the second consecutive quarter that this charge has decreased.  Since March 2013, this charge has dropped 14 percent. This charge covers the fuel costs to operate our local power plants as well as the cost of …

Winter electric rate forecast

Effective September 1, the Fuel & Purchased Power Charge* will increase from $0.08774 to $0.10576. This charge covers the costs of fuel to operate our local power plants as well as the cost of purchased power from other utilities. It is calculated quarterly with the next adjustment coming December 1. The Fuel …