October 2018 Rate Change
The quarterly TVA board meetng on Aug. 22, 2018, included the approval of a base wholesale rate increase that will boost retail electric rates an average of 1.6 percent effective Oct. 1. This rate increase is the sixth consecutive adjustment in as many years. NGEMC does not agree with the decision to raise the wholesale rates again and strongly opposed the TVA increase without success.
Also effective Oct. 1, NGEMC will implement an adjustment to residential retail rates with a slight decrease in the per kilowatt-hour (kWh) rate and an off setting amount to the System Support Fee.
Rate schedules are available at www.ngemc.com/rates.
The quarterly TVA board meeting on Aug. 22, 2018, included the approval of a base wholesale rate adjustment that will increase electric rates for NGEMC commercial and industrial members by an average of 2.39 percent. However, specific impacts to individual bills depend on the load criteria and demand profile of each customer.
This rate increase is the sixth consecutive adjustment in as many years. NGEMC does not agree with the decision to raise the wholesale rates again and strongly opposed the TVA increase without success.