AVECC Rate Increase FAQ- ARKANSAS
1Q. How much of a rate increase has AVECC filed for?
1A. AVECC is filing for an 8.5% overall rate increase for AR ratepayers.
2Q. Will every member experience an 8.5% increase?
2A. Each rate’s specific percentage increase will vary.
3Q. Which part of my bill will experience the increase?
3A. All parts of the rate will see an increase, including availability, energy, demand, and light charges.
4Q. When did AVECC file for the rate increase?
4A. AVECC filed for the rate change in January of 2023 and published an official notice in the January issue of Arkansas Living.
5Q. When will the rate increase be implemented?
5A. If approved by the Arkansas Public Service Commission, we will begin implementing on bills rendered after April 1, 2023.
6Q. Is AVECC deciding to implement a rate increase on its own?
6A. AVECC is rate-regulated by the Arkansas Public Service Commission, which means we can’t increase our rates without proving the rate change is just and reasonable.
7Q. When was the last time AVECC implemented a rate increase?
7A. The last rate increase implemented to generate AVECC additional margin was in 2013, approximately 10 years ago.
8Q. Why does AVECC need to implement a rate increase?
8A. AVECC needs a rate increase because over the last 10 years, our costs for materials and services have increased significantly.
9Q. How will a rate increase affect cooperative members?
9A. Increasing rates will ensure our members are provided with high-quality, reliable service.
10Q. What will the average impact be for the ratepayer?
10A. The average impact to a residential ratepayer is approximately $13/month.
Q. What will the average fees look like?
A. There will be a $7.50 increase in the availability charge and approximately $5.50 increase in energy-related charges.
