Flathead Electric Co-op rate increase held to 1%
FEC’s Board of Trustees is pleased to announce that despite receiving a 5.4% increase in wholesale power costs from the Bonneville Power Administration (BPA), members’ rates will only be increased by 1% this year. BPA’s overall rate increase is driven primarily by escalating costs of fish and wildlife programs and declining surplus power sales due to lower market prices.
Flathead Electric has seen the addition of over 10,000 new services in the last 10 years, yet has kept employee levels static. In addition, an improved safety culture has dramatically reduced FEC’s workers’ compensation rates. The Co-op is pleased to report that due to these and other operational efficiencies, the rate increase is lower than anticipated. It includes a $0.50 increase in the monthly basic charge for residential members. The rate increase, which will be reflected on electric bills issued on or after June 1, 2018, will raise the average residential members’ monthly bill by $0.98.