CCEC is continuing its ongoing cost of service study, a detailed review of how electricity costs are incurred and how those costs are allocated among member classes. This type of study is a standard industry practice used by electric cooperatives to ensure rates remain fair, transparent, and closely aligned with the actual cost of delivering electricity.
The study evaluates several components of the electric system, including power supply costs, transmission and distribution infrastructure, and the investments required to maintain safe, reliable service across the cooperative’s service territory. It also examines how different patterns of energy use, such as seasonal demand or technology adoption, impact overall system costs.
By analyzing these factors, the cooperative can better determine whether current rate structures accurately reflect the cost of serving residential, commercial, and other member classes. This ensures that rates remain equitable and sustainable while supporting long-term system reliability.
Cost of service studies are typically conducted on a regular cycle to account for changes in energy markets, infrastructure needs, and evolving electricity usage trends, including increased adoption of electric vehicles, heat pumps, and other high-efficiency technologies.
Preliminary findings are currently under review, with final results expected in September. Following completion of the study and board review, new rates are scheduled to go into effect in October. Any adjustments will be communicated clearly to members in advance.
CCEC remains committed to maintaining fair, transparent, and affordable rates while continuing to provide safe and dependable electric service to all members.