The industry is facing rapidly rising costs of energy, services, and supplies. Your Co-op will continue working to control costs and minimize the rate impact on our members.
Effective June 1, FEC will implement a 3.6% overall rate increase. Your Co-op’s staff and Trustees are members, too, and we work hard to keep rates low. We’re proud that, even in the face of rapidly rising costs of energy and supplies, our planning and advocacy efforts have minimized rate impacts to our members. Over the past six years (since 2019), combined rate increases have totaled 7.68%, or an average of 1.07% each year. We’re thankful that as a not-for-profit cooperative, our business model allows us to adjust rates to cover just our costs and doesn’t require us to make profits for investors.
