Flint plans Apr 1 rate changes
Date: 01/27/2021 | Category: News
No residential rate change
Flint Energies’ residential rate will remain steady at the current 10.55 cents per kilowatt-hour; however, the Board of Directors has taken action to make changes in several rate schedules, effective April 1, 2021. The monthly residential base charge will also remain unchanged at $31 per month.
Approximately 572 Consumer-members under the Irrigation Service rate, which covers interruptible irrigation service loads, will see a slight decrease in their costs as the kWh charge moves from 9.10 cents to 9.02 cents per kWh. Their monthly service charge will remain the same.
Irrigation service accounts on the Critical Peak Pricing rate will see a one dollar increase in their on-peak kWh energy charge, moving it from $1.90 per kWh to $2.90 per kWh. The change in the energy charge for these irrigation accounts is based upon their contribution to Flint’s summer peak demand. These irrigation accounts can reduce the effects of this rate increase on their energy bill by irrigating outside of the peak demand hours of 2 p.m. until 8 p.m., from May 1 through October 31.
More than 90 cable TV (CATV) power supply and traffic signal lighting accounts will see a 1.0 cent increase on their energy charge, as the kWh charge moves from 11.0 cents to 12.0 per kWh. Their monthly service charge will remain the same.
In other rate changes approved by the Board of Directors on January 26, Members that own and operate a distributed generation facility (i.e., solar panels) will see a slight increase in the purchase rate for excess net energy as it moves from 2.637 cents per kWh to 2.861 cents per kWh.
“These changes allow our Cooperative to balance its financial needs by continuing to provide reliable electric service while simultaneously being equitable and fair to each rate class,” says Flint Energies Chief Executive Officer Jeremy Nelms. “As a not-for-profit electric cooperative, all Members share in the increased costs of electric energy, even when those costs are beyond the control of the Cooperative board and employees.”
Every two years, Flint updates its cost-of-service calculation; it offers a direct and accurate reflection of current expenses.
“The price of electricity has risen less than many other member costs,” Nelms adds. “Even with the rate changes, the value of electricity remains very high.”