A MONTHLY NEWSLETTER FROM BLUE RIDGE ELECTRIC MEMBERSHIP CORPORATION
matters MEMBERSHIP
DECEMBER 2015
Did you know... This is the third consecutive year Blue Ridge Electric has been able to provide a three-month temporary rate reduction? This is due in large part to the cooperative's favorable wholesale power supply agreements. Combined, these reductions have cut what members pay for electricity by more than $9 million.
Enjoy lower winter bills due to temporary rate reduction Lower bills will result from a three-month temporary rate reduction approved by your Board of Directors to begin on December bills.
For each month the rate reduction is in effect, members will save $9 for each 1,000 kilowatt hours of electricity used, which is the monthly amount used by the typical member.
“Winter is when our members experience higher bills due to heating needs and higher energy usage, so we’re pleased to be able to announce a rate reduction for December, January and February bills,” said Blue Ridge Electric Chief Executive Officer Doug Johnson.
Overall, the rate reduction is estimated to save members a total of more than $3 million over the three months.
Recent prices for natural gas have declined, which in turn has lowered the price of wholesale electricity Blue Ridge Electric purchases for distribution to its members. That’s why the temporary rate reduction is possible.
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“As a cooperative, we’re not in business to make a profit - we’re here to provide electricity at the lowest possible cost,” explained Johnson. “Our members use more electricity during winter months, so the rate reduction will help lower bills and help members during the most expensive time of year.”
11/9/15 10:42 AM