Current Electric Rates

Visit Understanding Your Power Bill for details on rate components, a calculation of a power bill, and a copy of a sample member bill.

Summer Rate Update

Once again, seasonal inflows into Solomon Lake from melting snow have increased to a level that allowed us to shut down the Cogeneration Plant and both diesel generation plants. As a result, CVEA’s May bill will reflect our annual transition to summer generation, utilizing close to 100 percent hydropower to meet members’ power needs.

While summer generation typically requires minimal fuel for equipment testing and maintenance, these costs have not previously been passed on to members. However, beginning in 2025, CVEA will start passing summer fuel costs to members based on usage. This change is part of the Cooperative’s preparation for the upcoming CVEA–Valdez Alyeska Marine Terminal Intertie. While the Intertie may lead to some diesel use in the summer, it is expected to result in a significant reduction in winter diesel generation, ultimately lowering costs for members.

The cost of power, beginning in May is based on 97 percent hydropower and 3 percent fuel. The monthly recurring charge on member power bills will be 12.94 cents, with .22 cents attributed to fuel. To lessen potential fluctuations through the summer months, CVEA will levelize the cost of power from May through July. If fuel usage changes or fuel prices fluctuate significantly, a rate adjustment may be necessary.

For questions about rates, contact customerservice@cvea.org.

As a reminder, fuel costs are a direct pass through to the member based on their usage.

Please direct any rate inquiries to Jaime Matthews, Chief Executive Officer (907) 822-3211 or matthews@cvea.org