Why is my rate changing?

It is South River EMC’s mission to deliver electricity at the lowest possible cost, and we work hard to achieve this goal. A recent cost-of-service study showed our current rates need to be adjusted to cover expenses and maintain financial stability. Factors include increased business costs, and higher demand.

How much will my bill change?

Beginning with March bills, the average change will be $15.30 per 1,000 kwh. However, because we have been using an Equalizer amount of $7.50 per 1,000 kwh, the impact would be about $7.80 per 1,000 kwh.

How does this change differ from the Equalizer South River EMC has been using?

The Equalizer is a temporary measure used to recover unexpected increases, while a rate change is a long-term solution for permanent increases. A minimal Equalizer charge will continue through 2026 to recover shortfalls in January and February.

What is the co-op doing to hold down costs?

South River EMC is committed to finding every savings opportunity possible. Additionally, the Cooperative is leveraging AI to streamline tasks and increase productivity. We are continually evaluating operations, reducing expenses where we can, and working to keep rates stable for as long as possible.

Why doesn’t the co-op cut its budget?

The co-op operates as leanly as possible without affecting service quality or safety. Budget cuts alone cannot off set the significant increase in delivery costs.