AVECC Rate Increase FAQ- OKLAHOMA
1Q. How much of a rate increase has AVECC filed for?
1A. AVECC is filing for a 2.21% overall rate increase rate increase for Oklahoma ratepayers.
2Q. Will every member experience an 2.21% increase?
2A. Each rate’s specific percentage increase will vary.
3Q. When did AVECC file for the rate increase?
3A. AVECC filed for the rate change in January of 2023, at which point Oklahoma members will also be mailed a letter, a rate increase notice, and a petition form.
4Q. When will the rate increase be implemented?
4A. If approved by the Oklahoma Corporation Commission, we will begin implementing on bills rendered after April 1, 2023.
5Q. Is AVECC deciding to implement a rate increase on its own?
5A. AVECC is rate-regulated by the Oklahoma Corporation Commission, which means we
can’t increase our rates without proving the rate change is just and reasonable.
6Q. When was the last time AVECC implemented a rate increase?
6A. The last rate increase approved to generate AVECC additional margin was in 2019, approximately 3 years ago.
7Q. Why does AVECC need to implement a rate increase?
7A. AVECC needs a rate increase because over the last few years, our costs for materials and services have increased significantly.
8Q. How will a rate increase affect cooperative members?
8A. Increasing rates will ensure our members are provided with high-quality, reliable service.
9Q. What will the average impact be for the ratepayer?
9A. The average impact to a residential ratepayer is approximately $2.60/month.
10Q. What will the average fees look like?
10A. There will be a $7.50 increase in the availability cost and approximately $4.90 decrease in energy-related charges.
