Co-op Announces a Decrease in Electric Rates for Virginia Members
Craig-Botetourt Electric Cooperative members in Virginia will see a reduction in the rates they pay for their electricity starting with the bills they will receive during the first week of August.
The reduction is due to a decrease in the wholesale power the cooperative purchases to supplies to its members.
A typical residential member who uses 1,000 kWh per month can expect a reduction $7.55 per month or 5.2% over prior month's rates. This decrease will be to all members in Virginia. The specific amount and percentage decrease will depend on the amount of electricity used by each account.
"Over the past couple of years we have seen increases in the cost of wholesale power primarily because of the federally mandated pollution controls for the sources of our power, it is good to be able to offer some relief during these trying economic times our members have faced recently", stated General Manager Shawn Hildebrand.