Members of the Matanuska Electric Association may see a slight decline in their power bills next year, after the Mat-Su Valley electrical cooperative’s board of directors approved a rate decrease earlier this month.
In a statement posted on its website, MEA says the Nov. 11 vote to reduce rates by 1.13 percent came at a quarterly meeting to discuss potential rate changes within limits set by the Regulatory Commission of Alaska.
MEA spokesperson Kevin Brown says the board made the move, based on a test year ending Sept. 30, after recent internal operating costs came in lower than previous projections.
“When we save money, our co-op members save money,” Brown said.
According to Brown an average customer, who uses slightly less than 800 kilowatt-hours per month, will probably save roughly $0.98 per month.
“It’s especially a nice little decrease for our commercial customers, who use much more than the average,” Brown said.
While the decrease would save MEA members about $815,000 annually if it’s maintained for a full year, Brown says rates are fluid and subject to change at the board’s quarterly meetings.
“Because that number can change, it’s very difficult to project the final impact,” Brown said.
The proposed rate change is subject to approval by the RCA.
Channel 2's Caslon Hatch contributed information to this story.