GVEA announces price raise

FAIRBANKS, Alaska - Golden Valley Electric Association announced, on Wednesday morning, their fuel and purchased power rates will be increasing, starting March 1.

The price will rise 4.8 cents - from around 12 cents to just under 17 cents per kilowatt hour. GVEA says this will likely lead to an estimated increase of $29 in the average user’s monthly bill. “The primary reason for the increase is a couple of different things,” explained Ashley Braddish, GVEA’s Director of External Affairs and Public Relations. “Looking back through our last quarter, December through February, there was an under collection that was due to Healy experiencing a long, unexpected outage. And that required GVEA to generate power using more expensive fuel oil generation sources at a time when the cost of fuel was higher than projected.

“So essentially GVEA’s projections were lower than what it actually cost us to provide power to our member,” Braddish summed up.“Looking forward, we don’t expect to be able to purchase any economy energy from South Central Utilities, and that’s due to the natural gas constraints in the Cook Inlet,” Braddish said and continued, “and also we have multiple of our lower-cost generation units that are scheduled to be down for some portion of the quarter for maintenance.

Fuel oil costs are expected to remain high for the rest of the quarter. After May 31 the price will once again be reevaluated.Teen charged with murder in Point Hope, will be tried as an adult

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

I Own a Dozen Luxury Perfumes, but Nothing Gets Me More Compliments Than This $29 ScentA shopping writer reviews Dossier’s Musky Musk perfume, which is available at Walmart. The fragrance, inspired by Juliette Has a Gun, is just $29 and lasts all day.
Source: InStyle - 🏆 103. / 63 Read more »

School shutdowns loom once again across the FNSBSDThe FNSBSD is facing a $29 million deficit for FY25 while school shutdowns are being considered as a way to reduce costs to the district.
Source: KTVF11 - 🏆 267. / 63 Read more »

Fairbanks School District Considers Closing Two SchoolsThe Fairbanks North Star Borough School District is facing a $29 million budget deficit and is considering closing Ben Eielson Jr/Sr High School and Ticasuk Brown Elementary School. Two Rivers School and Pearl Creek Elementary School are also being considered. The School Board will review the recommendations for the annual budget proposal.
Source: KXDF News 13 - 🏆 266. / 63 Read more »

AMG EQE SUV: More Power, Less Range, and a Higher PriceThe AMG EQE SUV offers more power but not a lot of real-world advantage compared to its siblings. Upgrades to the motors allow for higher speeds, but the increase in power comes with a much higher price tag.
Source: motorauthority - 🏆 61. / 68 Read more »

Apple iPhone 16 Pro Max release date predictions, price, specs, and expected upgradesPeter, an experienced tech enthusiast at PhoneArena, is captivated by all things mobile. His impartial reviews and proficiency in Android systems offer readers valuable insights. Off-duty, he delves into the latest cryptocurrency trends and enjoys sci-fi and video games.
Source: PhoneArena - 🏆 322. / 59 Read more »

Copper price rises on China’s support measuresNo 1 source of global mining news and opinion
Source: mining - 🏆 449. / 53 Read more »