Latest Headlines
- Acres Of Christmas Lights, Hayride, Goats In Pajamas At Run-a-muck Ranch In Bratt
- It’s The First Day Of Winter: Cold Saturday; Freezing Tonight
- No Serious Injuries In Bratt Rollover Crash
- Escambia County’s First Wawa Store Now Open; Four More Planned
- Atmore Man Charged With Fleeing, Striking Officer With Four-Wheeler
- FHP Charges Molino Man With DUI After Traffic Crash
- Santa Visits Molino Library (With Photo Gallery)
- Former Aggie Ronnie Douglas Named New Head Coach At Milton
- Escambia EMS CORE Program Marks 200th Opioid Recovery Patient
- Here’s Your Sign: Century Approves New $35,000 Electronic Message Center
EREC Members See Small Monthly Fee Added, But Rates May Drop In December
November 17, 2024
Escambia River Electric Cooperative (EREC) has implemented rate adjustment in the form of a small monthly fee but expects overall electric rates to drop by even more on December.
EREC added a flat increase of $3 per month on the facility service charge portion for electricity and water and a $10 flat increase for commercial electric members beginning immediately.
“While prices have been on the rise, Escambia River Electric Cooperative has worked to minimize controllable expenses to keep up with inflation instead of raising rates for members. Unfortunately, the time has come when we are not able to cut controllable costs and keep up with the rising costs. We need to make a modest adjustment to address the rising costs of delivering reliable electric service,” EREC CEO Ryan Campbell said. “After an extensive analysis of our financials, we determined that rising costs are outpacing our revenue projections. Therefore, this adjustment became imperative to continue fulfilling our mission of providing reliable and resilient energy to all our members.”
“After an extensive analysis of our financials, we determined that rising costs are outpacing our revenue projections. Therefore, this adjustment became imperative to continue fulfilling our mission of providing reliable and resilient energy to all our members,” he added. “Our not-for-profit business model prioritizes the interests of members over profits for shareholders. We exist to provide a service, not to generate profits. In other words, we are solely focused on the needs of those who use our service.”
But Campbell said the member owned cooperative expects the average member’s bill to go down by more than the monthly fee.
The decrease is because the EREC system peak usage in January 2024 (when temperatures fell into the teens). caused the next 11 months’ bills to be higher because of the cost of generation during that peak. EREC and its members will benefit from the decrease, as long as there is not another really cold period.
NorthEscambia.com graphic.
Comments
6 Responses to “EREC Members See Small Monthly Fee Added, But Rates May Drop In December”
Yes why not build solar farm on parking lots or abandon building and such,
this is a marvel ideal and easily accomplished,
also you could build over roads and bridges interstate hwy or an offshore Solar island
how about build solar space based to beam back to earth by microwave…
hmm now that ws an idel from the 60’s and 70’s
but the parking lot is the best ideal i have ever heard and i say yes make it so #1
Tom- We are not in a wind corridor that would even remotely make wind turbines a consideration here. While the solar farm may immediately produce more money than the crop that was on the property, what are we (yes we) going to do when there is no more land to farm? The solar farms that are popping up here are going to create heat signatures that we will have to deal with later- possibly in the form of weather that is affected by the heat tunnels above them. How about we look for already developed property and put them on the top of what’s there? Parking lots could use shade after all- that is a win win for everyone.
@Bob. I understand your concern , yes wind turbines can be loud sometimes in windy conditions, most if not all brake or reduce speed down so to speak to protect the turbine and reduce noise. As for solar sure they require lots of space and the infrastructure that comes with it. Now that leaves us with only 3 other major options for power production Coal or Gas fired power plants which make plenty of noise and particulate matter in the air..And of coarse Nuclear power which as efficient as they are nobody wants them in there back yard either. So I guess my point is each power producing technology will always have pros and cons. Personally I bet those solar plants make a lot more money than the crops that they are replacing. Would you rather have a solar plant a coal or gas or nuclear, None of which are aesthetically pleasing to look at.
Ruin the landscape with solor panels witch never rot away when its not nessasary
Makes no sense & and yes i cant stand solor panels or wind mills. Sorry !!
@Tom, EREC is a member/owner of PowerSouth Energy Cooperative, which owns a number of generation facilities in South Alabama. They have a nice website if you would like to know more.
It’s a good thing that they are a co-op, What I mean is that they are not trying to increase profits one way or another like the bigger utility companies. I do have a question if anyone might know the answer.. Does EREC produce any of its own power at all at this point? I see solar farms popping up everywhere and it makes me wonder if they invest or are planning maybe some infrastructure or maybe a wind turbine farm to offset the higher cost they will be paying to import power.