Vermont Electric Co-op files for 3.29% rate increase, blames cost of power, capacity charges – Newport Dispatch

The increased cost of wholesale power and the growing cost of ‘insurance’ against power interruptions are responsible for the proposed 3.29% rate increase for 2020 by Vermont Electric Co-operative, Vermont’s second largest utility. The closure of large power generators like Pilgrim Nuclear Power Station and other facilities, and transitions to intermittent wind and solar power, have significantly increased the “capacity charges” needed to ensure that electricity is always available to consumers.

Power purchases: This includes higher capacity costs (ensuring power supply is available when needed), and increased costs of power supply contracts. These as a group are the single most significant cost pressure."

Read the Full Story Here

Comment Below...

Be the first to comment

Please check your e-mail for a link to activate your account.