GVEA’s Fuel and Purchased Power (F&PP) rate, effective December 1, 2018 through February 28, 2019, has decreased from 10.502¢ to 8.648¢ per kilowatt-hour. This is a decrease of 18 percent from the previous F&PP rate approved by the RCA.
Based on the average usage of 600 kWh, the impact of the lower F&PP will decrease a residential member’s monthly bill by approximately $11.
The main reason for the decrease is having Healy Unit 2 online fulltime and lower Intertie purchases, which offsets increasing fuel prices. 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.
The F&PP charge has been decreasing over the past four quarters:
- Dec 1, 2018: 8.648¢
- Sept 1, 2018: 10.502¢
- June 1, 2018: 11.071¢
- Mar 1, 2018: 11.227¢