Residential & Business Rates Will Not Increase for Second Consecutive Year
United Power has announced that there will not be a scheduled rate increase for residential or business members in 2022. This marks the second consecutive year rates have not been increased for members. The cooperative’s Board of Directors made the decision in November upon approval of the 2022 budget.
Over the course of the past several months, United Power has focused its efforts to reduce spending where possible and control cooperative costs. It has also continued to monitor the pandemic’s economic impact on the communities it serves and the members on its lines. While there has been a slow transition to normal functions, the result of the cooperative’s cost control measures has enabled it to once again avoid a rate increase, providing a little additional relief for members who continue to feel the pandemic’s affects heading into the holiday season.
“We are proud to announce that members will not have to worry about how a rate increase will affect them this upcoming year,” said Mark A. Gabriel, United Power’s President and Chief Executive Officer. “As a cooperative, we don’t answer to corporate shareholders or investor interests, but are here to serve each of our members. We have the flexibility to shift directions quickly, like we had to over the past year, to drive better results for you, our members.”
Continued growth also played a significant role in the cooperative’s ability to maintain its current rate structure. Growth this year has exceeded expectations, and United Power became just the second Colorado co-op to surpass 100,000 meters earlier this summer.
United Power understands its members have different needs and use electricity in vastly different ways. The cooperative’s residential rates are designed so members have the option to choose one that most closely fits how they use energy. When the demand rate debuted, it separated the energy and demand components and allowed the cooperative to more fairly charge members for both their energy use and impact on the grid. Residential members have four different rates to choose from, each designed with slight variations that allow you to review your energy usage and pick a rate that works best for you and your family.
However you use your energy, the flexibility of the cooperative’s residential rates should meet most members’ needs.
You can compare the demand and energy charges of each rate and choose one that most closely fits how you and your family use energy here.
Members who are curious how home electronics and appliances may impact their demand charge can use the cooperative’s Demand Calculator on the Understanding Demand page.