The Nebraska Public Power District board has voted not to increase electric rates next year for both wholesale and retail customers, and to continue the PCA – production cost adjustment – credit at this year’s level. The new rates start in February.
That means there will be no overall increase in rates for the 9th consecutive year for retail customers and the 5th straight for the public power districts and municipalities who purchase electricity from NPPD wholesale
Some individual wholesale customers could see higher rates because changes are being proposed in some categories to better reflect the cost of providing those services.
NPPD President and CEO Tom Kent says no rate increase “is good for the economy of Nebraska and the people who live and work” in the state.
Kent adds that NPPD is constantly working to maintain rate competitiveness on a regional and national scale and is proud to keep rates steady next year.
Wholesale customers will continue to see a PCA credit on their bill, returning to them a total of $74.2-million dollars in rate stabilization funds back to the 38 municipalities and 23 rural public power districts and rural cooperatives.
Retail customers in 79 communities in NPPD’s service territory, including Chadron and Crawford, who receive their bills directly from the utility will continue to see a PCA credit on their monthly bill as well.
NPPD also offers a separate RateWise Time-of-Use rate to retail customers, which allows them to see some potential savings if they shift the bulk of their energy usage to certain times of the day. Learn more about it at .nppd.com/rates/for-your-home.