Bonneville Power Administratio adopts rate increase
The Bonneville Power Administration has adopted a 9% average wholesale power rate increase and an 11% average transmission rate increase. The transmission increase is the first in six years. The 2 year rate increase is scheduled to take effect Oct. 1, 2013.
“We recognize that rate increases are very challenging for customers, especially for those still in the throes of a slow economy,” said BPA Acting Administrator Elliot Mainzer. “But the increases are necessary so that we can preserve the long-term value of carbon-free federal generation and support the reliability of the high-voltage transmission lines that serve Northwest public utilities.”
For Bonneville’s utility power customers, the increase will be an average of 9% higher than current rates. The rate increase comes from higher costs to operate and maintain the hydroelectric system, fund existing agreements for the fish and wildlife mitigation program and reduced revenues from surplus power sales due to low market prices.
The Grays Harbor PUD have been preparing for the increase in rates since first announced in November.
Find more information on the rate process, visit http://www.bpa.gov