Starting in January 2023, the service rate for Cloverland Electric Cooperative will be going up. For residential and general service, the rate will only go up by 5.4% while large businesses and government will se an increase of 4%.
Before the vote to increase the rates took place, Cloverland’s President and CEO Mike Heise hosted community presentations. These took place Aug. 23-25 both virtually and in-person. During these presentations, Heise was able to provide context to the rate increases by talking about inflationary pressures impacting vendors, contractors and suppliers causing cost increases for wire and transformers.
According to Cloverland Electric Cooperative the average increase of monetary amount will be as follows:
- Residential members with an average monthly usage of 658 kwh will see an increase of $4.73 a month
- General service 1 members with an average monthly usage of 1,298 kwh will see an increase of $8.54 a month
- General service 3 members with an average monthly usage of 10,041 kwh will see an increase of $56.03 a month
- Large power/industrial members with an average monthly usage of 61,812 kwh will see an increase of $391.06 a month
The current facility charge for residental members will change from $23.75 to an even $24. This monthly charge covers the cots required to provide electric power to members other than purchased power and demand costs.
Despite the increase in service rates, Cloverland says that their rate increase will still be the lowest for all Michigan utilities.
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