ROANOKE, Va. (WFXR) – According to the Central Virginia Electric Cooperative (CVEC), members will see a rate increase on their bills starting in October.
CVEC states that they are raising rates due to an increase in the cost of materials and contracted services, and necessary infrastructure upgrades. Additionally, increased costs are at the point that current rates are not enough to make up for inflation and distribution services.
The Board of Directors approved the increase on customer’s bills that will equal an estimated 1.6% of total revenue and from 5% of non-power supply costs. For the average household, this means an estimated $3.39 per month increase on customer bills.
To keep energy bills low during the cooler upcoming fall and winter months, CVEC offers the following tips:
- Turn off central heating systems.
- Have your furnace and heat pump serviced.
- Make sure your water heater temperature is no more than 120 degrees.
The CVEC presents cost-saving options for users to use. CVEC is offering automatic online payments which will not charge for processing fees for credit or debit cards. By signing up for paperless billing as well, users are helping to reduce their Cooperative’s postage and processing costs.
For more information on the rate increase or other CVEC cost-saving tips, visit www.mycvec.com.
