Seeing a change in your electric bill? Here’s why.
FRANKFORT, Ky. (WYMT) - Some customers of one power company will have a little extra money in their pockets when their next bill comes, thanks to the Kentucky Attorney General’s office.
The Office of Rate Intervention stepped in to intervene in a proposed rate increase from South Kentucky Rural Electric Cooperative Corporation, also known as South KY RECC, to the Kentucky Public Service Commission.
Joe Arnold, the VP of Strategic Communications with the Kentucky Electric Cooperatives, said pressures from inflation on costs of materials have contributed to a need for a rate increase. He added this would be the first for South Kentucky RECC in more than ten years.
According to the Attorney General’s communications team, South Kentucky requested a charge increase on base rates (the fixed price all customers pay for electric service) from $13.29 to $24.00, which is an 81% increase.
Daniel Cameron and his team said they were able to reduce the original proposal to approximately a 46% increase on the base rate, instead of the original proposal. This would make the monthly base rate go from $13.29 to $17.
“Our Office of Rate Intervention represented the interests of Southern Kentucky ratepayers in this case and successfully reduced increases to electric utility rates and monthly customer charges,” said Attorney General Cameron in a news release. “These efforts saved Kentuckians $2.9 million in proposed electric rate increases.”
Arnold said there are several variables that go into an overall monthly bill. The monthly base rate is only one variable.
“The 81% increase would have only applied to the smaller fixed charge portion of the bill,” said Arnold.
He continued by saying the increase on the overall monthly bill would only be around 5.1%, or $6.37.
South Kentucky RECC is headquartered in Somerset, Kentucky, and distributes retail electric power to 68,000 Kentucky consumers in Adair, Casey, Clinton, Cumberland, Laurel, Lincoln, McCreary, Pulaski, Rockcastle, Russell, and Wayne Counties.
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