Lower Yellowstone Rural Electric Cooperative (LYREC) feels fortunate that we have been able to keep our rates stable throughout the last several years. However, as President Thiessen reported at the June 2018 annual meeting, LYREC will be having a small rate increase in 2019.
The fact is that things cost more today than they did yesterday, last year, or five years ago. The cost of maintenance and enhancements to the power grid is no different. However, when compared to commodities that we buy every day, electricity remains a good value.
The new 2019 rate will begin with sales starting January 1, and the bill you receive in February will reflect the increase. The facility charge will increase by $5/meter monthly on residential, irrigation, single phase and small commercial accounts. The large commercial and industrial accounts will increase by $10/meter monthly.
LYREC’s monthly facility charge is one of the lowest in the state. Even after the 2019 rate increase, there are only two Montana cooperatives with a lower residential base rate. LYREC’s residential facility charge will increase to $20 a month compared to the average of $28.76 throughout the rest of Montana.
Regardless if an LYREC member uses a lot of electricity or very little, the cost of getting electricity to your homes and businesses remain the same. The funds from the facility charge helps pay for LYREC’s equipment and infrastructure so that LYREC can maintain the integrity of the system.
Please be assured that both your board of directors and the staff of Lower Yellowstone Electric are doing everything we can to ensure rate increases only occur when it is essential. We are committed to delivering you safe and reliable service each day of the year.