East Kentucky Power Cooperative (EKPC), which generates and transmits wholesale electricity to Blue Grass Energy, along with 15 other electric co-ops, is seeking to raise its base rates. EKPC states the increase is needed in order to maintain reliable service and the co-op’s financial strength.
If approved by the Kentucky Public Service Commission (PSC), the proposal by EKPC will raise our purchased power costs; necessitating a corresponding pass-through rate case for Blue Grass Energy. This adjustment will result in an average increase of 3.71% for our residential members; adding approximately $4.75 per month.
EKPC filed the rate adjustment request on April 1. Blue Grass Energy has also filed an application with the PSC detailing how the adjustment would be passed through monthly bills to the membership. If approved, the increase is expected to go into effect in October; and it will mark EKPC’s first increase in base rates since 2011.