TVA to raise its rates
Tuesday, October 7, 2014 12:46 pm
Beginning Oct. 1, the Tennessee Valley Authority will raise their rates for electricity. That increase is an increase of approximately 1.5 percent, or $2, to the average residential member of Middle Tennessee Electric.
In an effort to help keep rates affordable, MTEMC will pass this adjustment through beginning Oct. 1. The change in rates is not beyond what TVA is charging, but is designed to keep costs affordable for members. The adjustment will come in an increased customer charge, taking it from $13.75 to $15.75, while at the same time, MTEMC will lower the energy cost members are charged per kilowatt hour. The adjustment, for the average residential electricity consumer, will balance out in most cases.
Middle Tennessee Electric Membership Corporation is a member-owned, not-for-profit cooperative providing electricity to more than 200,000 residential and business members in Williamson, Wilson, Rutherford and Cannon counties.