The January 2023 issue of Shelby News insert in the Illinois Country Living magazine provided information about the cooperatives need to have a rate adjustment and a slight increase in the Service Availability Charge (formerly known as Facility Charge).
The cooperative hired a third-party engineering firm to conduct a cost of service and rate study in 2022. After reviewing the results of this study, it was determined that a 9% rate increase
would be required. This will be implemented through a combined $6 increase on the Service Availability Charge with the remainder of the 9% coming from a per kilowatt-hour energy charge increase. The cooperative hasn't had a rate adjustment since 2014. These new rates take effect with your January 2023 statement.
To read this issue and other related articles to the rate adjustment click here.
Graphic below shows how the new rates will affect an average class A member's bill.