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Rate Increase Will Be Reflected On May 2009 Bill
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Grundy Electric Cooperative’s Board of Directors announced at the December 2008 board meeting that an overall rate increase of approximately 9% will be reflected on the members’ May electric bill.

A Rate Schedule summary is shown below. This chart shows the existing rate for Single Phase and Small Three Phase Classifications. The new rate is shown in the second column, where you will notice the first block of kWh’s is increased from 1,500 to 2,000. The exact rate increase to each member will vary based on member usage and current rate classification, however, all rate classifications will receive a rate increase. For example an aver-age residential Grundy Electric member uses 1,000 kilowatt-hours of electricity per month. With the current rate a member’s bill would total $99.50. With the new rate it would total $107.50, an increase of $8.00 per month.

At Grundy Electric we strive to bring our members reliable service at the most economical price. “We continue to work diligently to limit expenses and ensure a financially healthy Cooperative,” stated general manager Scott Wilson.

Grundy Electric’s power supplier began implementing a series of wholesale electric rate increases a few years ago. The electric generation industry- including our power sup-plier, Associated Electric - are dealing with a variety of issues that are driving up the cost of electricity. Among them are generation fuel prices, environmental control costs, and long-term changes in the industry.

In Missouri, the majority of our electricity is generated by using coal as a fuel source. And even though coal currently is a low-cost fuel, projections indicate that costs for this fuel will continue to increase. The cost of coal is being driven upward by several factors, including transportation charges and increasing world competition for U.S. supplies.

Natural gas is another major generation fuel subject to increasing demand and price volatility.

Existing environmental regulations re-quire the installation and operation of sever-al types of pollution-control equipment. As they clean the air, these devices add millions of dollars of expense to the wholesale power cost charged to cooperative members.

Long-term changes in the electricity industry are expected as new rules are enact-ed in response to the climate change debate. Depending on the approach adopted by the new administration and Congress, some electricity generation sources- such as coal-could be priced beyond the means of most co-op members. What can you do? The best thing you can do to lessen the impact of the rate change is to become as energy efficient as possible. By becoming energy efficient, you can lower your kilowatt-hour use per month without impacting your life-style. Find out more about our Take Control and Save programs here or by calling our energy advisor Randy Kinnison at 1-800-279-2249, or (660) 359-3941, extension 30.

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