Power supply costs continue to rise

Posted on Jan 06 2023 in Noble REMC

It’s a message that’s being heard in every industry — costs are rising for goods and services.

While Noble REMC and our power supplier, Wabash Valley Power Alliance (WVPA), have done all we can to keep expenses down, we’re continuing to face rising costs due to increases in fuel prices and materials needed to maintain a reliable distribution system, as well as supply-chain constraints. 

WVPA is a not-for-profit, like Noble 

REMC, so the increased cost of generating and transmitting electricity to over 325,000 members in Indiana, Illinois and Missouri must be recovered from its consumers. As a member of WVPA, Noble REMC will be affected by the increase.    

To recover these increases, Noble REMC will increase our Power Cost Adjustment (PCA) by $0.002 per kWh, making it now $0.0055 per kWh.

The new PCA, for the average member who uses 1,000 kWh a month, will now be $5.50 per month, beginning this month. The change will be seen on the electric bill you receive in February and will continue until further notice. 

Noble REMC remains one of the lowest-cost energy providers in our area. We, alongside WVPA, are working hard to manage expenses to continue to deliver on this mission, but with the state of the energy industry, we need to adjust to fluctuating prices. 

Visit nobleremc.com as well as powermoves.com to learn ways you can save energy and money.