Marshall County REMC implements rate increase

Posted on Aug 03 2022 in Marshall County REMC

When will I see the rate increase on my bill?

The new rates are in effect for the bills due Aug. 15.

How much will my bill increase?

Residential and farm members will see an average increase of 11-13%.

Why is the rate increasing?

The last increase went into effect in 2011. In the last 11 years, the overall cost of doing business has increased including the cost of poles, wires, transformers, and other equipment. In order to provide the best service available to our members, we must increase our rate.

Who approved this increase?

After a thorough review of our rates by the National Rural Utilities Cooperative Finance Corporation, this rate increase was approved by the Marshall County REMC board of directors. 

What is the facility charge?

This is a recurring monthly charge that recovers the fixed cost of providing electricity to your home. It includes the operational expenses of Marshall County REMC that are shared equally by each class of service which does not vary with the amount of electricity you use. It recovers some of the costs related to rights-of-way maintenance, metering, billing, accounting and other expenses for Marshall County REMC.

What if I’m on budget billing?      

The new budget amounts will already reflect the increase, so no action is required by the member. 

For more questions or concerns, please contact our office at 574-936-3161.