NORTHAMPTON COUNTY, Va. — Members of A&N Electric Cooperative will see higher monthly electric bills beginning May 1, following a shift in the utility’s Power Cost Adjustment driven by rising wholesale energy expenses.
The adjustment, which reflects the cost of electricity purchased through Old Dominion Electric Cooperative, will move from a credit of $0.00300 per kilowatt-hour to a charge of $0.00693 per kilowatt-hour.
For a typical residential customer using 1,000 kilowatt-hours per month, that change translates to an increase of about 7.2 percent compared to recent bills.
Cooperative officials emphasized that the Power Cost Adjustment is a direct pass-through of wholesale costs and does not include any markup by A&N Electric.
What’s Driving the Increase
The higher charge is being attributed to a combination of factors, including elevated wholesale power costs during the winter months and anticipated compliance expenses tied to Virginia’s expected reentry into the Regional Greenhouse Gas Initiative.
The RGGI program requires power generators to purchase carbon allowances for emissions, costs that are ultimately passed through to utilities and their customers. As those compliance costs rise, they can have a direct impact on retail electric rates.
A Common Utility Mechanism
Power Cost Adjustments are a standard feature among electric cooperatives and utilities, designed to reflect fluctuations in fuel and wholesale energy prices without altering base rates. When wholesale costs fall, customers may see credits; when they rise, surcharges are applied.
A&N Electric serves much of Virginia’s Eastern Shore, where seasonal demand swings and regional power market conditions can influence pricing. Officials said the adjustment ensures that the cooperative recovers actual power supply costs while maintaining stable base rates.
Customers are encouraged to monitor their energy usage and consider efficiency measures as higher summer demand approaches.
About the Author
Bull Shit
Its greed nothing more . Been here done that in different states . Its the door creeping open then it continues.
Read the article.
The RGGI program requires power generators to purchase carbon allowances for emissions, costs that are ultimately passed through to utilities and their customers.
It’s your Virginia Democrat Party making it affordable for the working class. Vote Yes!
In all the price increases we have seen since the Chinese Flu was unleashed on the world…how many of these greedy companies have cut their own fat salaries? None, they all report record profits. They know the masses are so addicted to their precious cell phones, that they will barely notice the smaller boxes and higher prices. For they can not get thru a 45 minute church service without a slug of water every 15 seconds and a look at that plastic crack they call a cell phone. Kind of like all the contractors that used illegal aliens for cheap labor, but never passed the savings on to their customers. Greed is ugly in all forms that it comes in.
Seems to me that power, fuel, food, vehicles, gold, taxes, vet bills, clothing, furniture, entertainment medical bills, insurance and individuals opinions of their own intellect have all gone up since at least the late 1940’s when I got here..
I’m a come here. Been coming here for over sixty years. Been livin’ here for going on thirty.
A&N has always come through with the Power, Good price, Good service, Good people and Good reputation. Good Company.
Easy, these days, for Cheap Shot artists to exhibit their skills on this forum or any other.
Cheap Shot artists…
…more like untalented, uneducated Bozos.
(just my opinion)