On January 19, the Corridor Energy Cooperative board of directors approved a rate increase along with a new rate design for the electric service our members receive. The new rates will apply to usage beginning on April 1st, 2023. The new rate design will result in increased revenues of $4,563,393 or 7%, which will help your cooperative keep up with rising infrastructure costs and continue investments to keep our system safe, reliable, and sustainable. Based upon current forecasts, the rate increase is expected to provide sufficient revenue through 2026.
Members were notified in the newsletter they received with their bill in March. For more information on the new time-of-day rate structure and the rate chart, please review the March newsletter. If you have any questions, please contact our office.