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  Mecklenburg Electric Cooperative  
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Rate Reductions Benefit Mecklenburg Members

Cost Control Measures, Power Supply Decisions Result in Decreases

 

 

 

At a time when the cost of most products and services seems to be on the rise, Mecklenburg Electric Cooperative’s (MEC) Members—those receiving their electric service from the organization—have experienced four rate reductions to their electric bills over the past 13 months.


Three previous reductions went into effect on January, April, and September of 2016; these decreases are a result of declines in wholesale power costs, the energy adjustment, and cost control measures that have been implemented at the Cooperative. These reductions totaled $4.31 for the average monthly user with 1,000 kilowatt-hours (kWh).


Most recently, a rate decrease was implemented on January 1, 2017, with Members on the Farm and Home Rate Schedule experiencing a reduction of $6 per 1,000 kWh in comparison to a December 2016 bill. In total, the four decreases have resulted in a total monthly reduction of $10.31 for Members using 1,000 kWh. MEC’s average per meter use is 1,052 kWh per month.


MEC President and CEO John Lee comments, “On March 11 of this year, Mecklenburg Electric Cooperative will celebrate 79 years of operating under the mission of providing safe and reliable energy to its Members, at the lowest possible cost.  We are diligent in conservatively managing our distribution expenses, and we are also very pleased to be successfully driving down our wholesale power costs. Doing so is quite a feat given that energy markets constantly fluctuate, wholesale rate changes are influenced by temperature extremes, supply and demand pressures on natural gas result in volatile cost swings, and ever-changing government regulations impact almost everything we do.”


Lee continues, “Because we operate as a not-for-profit electric utility, our consumers are ‘Members’ rather than ‘customers;’ and any cost savings that our Cooperative achieves directly benefits those we serve. These reductions show our commitment to controlling costs and exercising sensibility with our Members’ money in our day-to-day operations.”


David Jones, MEC’s Board Chairman, remarks, “Our Cooperative focuses on managing every dollar-- which is simply a must in today’s rural economy. We have been able to mitigate the rising costs of the services and materials our employees use to build and maintain our system by reducing costs wherever possible, doing so allows any reductions in our power supply costs to go straight to the benefit of our Members. MEC’s employees are diligent in efficiently using each hour at work and in providing the absolute best in customer service...but it does not stop there. We extract every penny of value from our power generation dollars and work in unison with Old Dominion Electric Cooperative, our power supplier, to make prudent long-term power supply decisions...these reductions confirm we’re making the right ones.” 


Maintaining costs is a primary strategic objective for Mecklenburg Electric Cooperative’s employees, management, and board, all who work together to deliver safe, reliable and affordable energy. Continuing decreases demonstrate that implemented strategic initiatives are delivering price reductions and tremendous benefit for Cooperative Members.


Mecklenburg Electric Cooperative is the not-for-profit energy provider to over 31,000 meters located in portions of the Virginia counties of Brunswick, Charlotte, Greensville, Halifax, Lunenburg, Mecklenburg, Pittsylvania, Southampton and Sussex counties and the North Carolina counties of Granville, Person, Northampton, Vance and Warren. It is a Touchstone Energy Cooperative, headquartered in Chase City with district offices in Gretna, Emporia and Chase City.

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