Due to a wholesale rate increase set down by the Tennessee Valley Authority, Hopkinsville Electric System will be implementing an increase to their kilowatt-hour charges.
According to a news release from HES, the TVA recently announce a 5.25 percent rate increase to begin in October of this year, affecting HES and all of the other 152 TVA power distributors. The TVA has said the rate increase it due to population growth and greater energy demand, resulting in additional funds needed to build new generation and infrastructure.
The increase that HES will set to kilowatt-hour charges will be spread among all residential and commercial rate classes, and would result in an increase of $6.48 to the monthly electric bill of the average customer. That does vary depending on usage.
HES and Energynet General Manager Jeff Hurd says, “HES understands the burden a rate increase places on our customers, and we work very hard to provide the highest quality service at the lowest cost. This increase is needed to continue to provide the level of service and reliability that our customers have come to expect.”
The changes will become effective October 1.