Flint Energies residential customers will see a $1 increase in the base rate the company charges beginning with April 1 billings.
The electric companys base residential rate will increase from $22 a month to $23 a month, according to a news release. It follows a rate change plan that calls for the base charge to increase to $27 a month by 2018.
We have calculated the actual cost of providing service to a residential location at over $30/month, Flint Energies Sr. Vice President Jimmy Autry said in the release. We anticipate our monthly base charge to rise a bit each year as we cover these higher costs of service.
The base charge is the fixed amount charged each billing period to cover Flints cost of a meter, reading the meter, billing the account through data processing and collecting and crediting payment, Autry said. The cost of a kilowatt-hour is driven by the wholesale price of the electricity generation which Flint purchases.
Flint Energies is a not-for-profit cooperative owned by members in parts of 17 Middle Georgia counties. Flint serves more than 86,000 electric meters.