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GVEA rates to shoot up as Southcentral utilities face a natural gas crunch - Fairbanks Daily News-Miner

Fairbanks Daily News-Miner · last updated

GVEA rates to shoot up as Southcentral utilities face a natural gas crunch | Local News | newsminer.com

Golden Valley Electric Cooperative residents can expect to see a large jump in their electric bills after the cooperative utility adjusts its purchased power and fuel rates starting Friday.

In a Tuesday news release, GVEA announced the rate changes will be effective from March 1 to May 31. Residential users will see an average $29 monthly increase in their energy bills based on average use of 660 kilowatt-hours of usage per month. The overall rate increase breaks down to 16.629 cents per kilowatt-hour.

Contact reporter Jack Barnwell at 907-459-7587 or jbarnwell@newsminer.com.

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