Customers of Plateau Electric Cooperative will see their base rates increase slightly, in addition to the 1.5 percent rate increase that was announced last week by the Tennessee Valley Authority.
PEC, which provides electricity in Scott and Morgan counties, announced Friday that residential customers in its service areas will see a $2-per-month increase in their base customer charge effective Oct. 1. The charge covers "basic costs necessary for delivering electricity, regardless of the amount used," the utility said.
The increase is in conjunction with last week's announcement by TVA that rates are going up approximately $1.50 per month per customer beginning Oct. 1.
Smaller non-residential customers will see their base customer charge increase $1.89 beginning Oct. 1, while larger commercial and industrial customers will see increases as well.
"With the cost of materials and goods increasing, we have no choice but to share the increase in an effective manner that will have the least impact on our customers," PEC CEO Dave Cross said. "PEC is not making any adjustment to the energy side of the rate schedules."