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Rate changes that take effect with bills rendered on or after January 1, 2018 will result in a bill increase of 98 cents per month, or 0.89%, for the typical residential member using 500 kilowatt-hours (kWh) of electricity per month.

For a residential member, rates and charges affected include the Member Service Charge, which is increasing from $28.93 to $29.32 per month; the Delivery Service Charge, which is increasing from $0.03964 per kWh to $0.04004 per kWh; and the state mandated System Benefit Charge, which is increasing from $0.00198 per kWh to $0.00275.

The rate changes were approved to cover increased operating costs as well as to cover some major capital investments that are anticipated to be incurred in 2018.