Dive Summary:
- After a study by its board of directors, Blue Ridge Electric Membership Corporation will increase the rates of its customers by an average of $2.70 per month.
- Blue Ridge has a wholesale power agreement with Duke Energy, which it claims will still provide the lowest cost wholesale power available even after this year’s proposed increases.
- Blue Ridge Chief Executive Officer Doug Johnson also cited costs stemming from state and federal regulations for renewable and clean energy as another factor contributing to the increase.
From the article:
Rising wholesale power costs are driving the need for a rate adjustment recently approved after thorough study by the board of directors for Blue Ridge Electric Membership Corporation.
Beginning in October, the average Blue Ridge Electric member using 930 kilowatt hours per month will see an additional $2.70 on their monthly electric bill. It is a 2.5 percent overall rate adjustment. ...
