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:
The Board of Directors approved the following proposed decrease in the Power Cost Adjustment.
- A decrease in the Power Cost Adjustment factor from $0.024/kWh to $0.019/kWh.
- That the decrease, if approved, be applied to all rate classes.
- 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