Power Rate Increase
In late July, the Bonneville Power Administration announced a regionwide average 7.1 percent increase in wholesale power rates and a 4.4 percent increase in transmission rates, effective October 1, 2015.
The increase in wholesale rates stems from higher costs to operate and maintain the aging hydro system, higher long-term fish and wildlife costs, upgrades to an aging transmission system and reduced revenues from surplus power sales due to lower market prices for energy.
The Wasco Electric Cooperative management and board are determining the additional revenue requirements needed to cover the increased cost of power, as well as the cost to continue maintaining its own infrastructure serving the membership. This month, we will announce the final rate impact to the membership and when the increase will take place, likely as early as October 1.
We recognize a rate increase will be a challenge for many of our members. I assure you we are working diligently to keep the increase as low as possible, yet maintain system reliability and the financial health of your cooperative.
Increasing costs make energy efficiency more important than ever, and we will continue to encourage our members to take advantage of our energy-saving incentive programs. The smarter we are about our energy use now, the less power we will need in the future.