While the price of just about everything is increasing, LCEC is reducing electric rates for the second year in a row! More notably, 2015 begins the seventh year LCEC has not raised electric rates, and the not-for-profit utility continues to work hard to keep rates competitive.
LCEC reduced the power cost adjustment (PCA) for customers beginning January 1, 2015. The LCEC Board of Trustees approved a decrease in the PCA from $16.65 per 1,000 kWh to $14.60 per 1,000 kWh.
Although the cost of materials, labor and purchased power has risen over the past few years, a calculated business strategy has helped LCEC manage operating costs. Process improvements, proactive maintenance, constant budget oversight, the use of technology and the diligence of employees have all contributed to holding the line on LCEC electric rates. As a cooperative, LCEC shares these savings with customers.
Customer support is also an important factor in managing costs. When customers utilize green payment methods, pay on time and wait to run appliances and equipment in off-peak hours, they are also doing their part.
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