Did You Know?
DEC is lowering rates for all 103,000 Co-op members!

Delaware Electric Cooperative’s Board of Directors approved a rate decrease at a special meeting held on May 20th. Due to COVID-19 gathering restrictions, the meeting was held via teleconference. Members watched the proceedings via a live video stream or listened to the meeting over the phone.

Electric costs for members will now fall by four percent, saving the average Co-op member $60 per year. The move will save DEC’s membership $7 million per year. The rate decrease takes effect on June 1.

Co-op employees work very hard to keep electric rates affordable. Wholesale power costs are falling, and our Beat the Peak program has also helped to keep our rates among the lowest in the region.

The agenda for the special meeting is below:

AGENDA

The Board of Directors approved the following proposed decrease in the Power Cost Adjustment. 

  1. A decrease in the Power Cost Adjustment factor from $0.024/kWh to $0.019/kWh.
  2. That the decrease, if approved, be applied to all rate classes.
  3. That the decrease, if approved, becomes effective with meter readings on and after June 1, 2020.
    • Call to Order                                                                              Chairman Wells
    • Introduction                                                                               Bill Andrew
    • Power Cost Adjustment                                                        Mark Nielson
    • Summary                                                                                    Bill Andrew
    • Member Questions & Comments                                       Chairman Wells
    • Board Decision                                                                          Chairman Wells

Special Board Meeting
Wednesday May 20th
6:30 p.m.