Corridor Energy Cooperative has entered the next phase of the rate study, where the staff and its consultant have been reviewing costs and rate designs. These reviews are critical for system reliability, system growth, and billing equality.
Corridor Energy Cooperative’s emphasis for rate design:
- Meet revenue requirements to keep your cooperative financially strong into the future
- Maintain fairness between members and how our costs are incurred
- Better align Corridor Energy Cooperative’s rate structure with the costs we are incurring from our power supplier, Central Iowa Power Cooperative
- Promote energy usage outside of Corridor Energy Cooperative peak hours of 4 PM to 9 PM to help control power costs for the membership
- Give members more control over their utility cost
The final determinations are still unknown at this time. However, we anticipate a change to our rates in the Spring of 2023.