While we know that no one likes to see rates increase, your Co-op staff and trustees are pleased to have minimized the impact of rising costs.
In June, an overall 2.8% rate increase will occur to safeguard the future stability of your member-owned Co-op’s affordable, reliable power. Over the past five years, inflation has increased the average cost of US goods and services by over 21%. While we know that no one likes to see rates increase, your Co-op staff and trustees are pleased to have minimized the impact of rising costs. During this same timeframe, only two small rate adjustments have occurred, resulting in a total increase of 3.9% in electric rates since 2019.
We’re thankful that as a not-for-profit cooperative, our business model allows us to adjust rates to cover costs and doesn’t require us to make profits for investors.
Average unit price change from 2019
(and current unit price)
Eggs
+61.3%
($2.51/dozen)
Gasoline
+43.7%
($3.29/gallon)
Milk
+37.6%
($4.01/gallon)
Ground Beef
+37.3%
($5.12/lb)
Electric Rates from Flathead Electric Co-op
+3.9% since 2019
($3.78/day for an average home)
Source: Average price data (in U.S. dollars), selected items (bls.gov), January 2019 – December 2023
