Holston Electric Rate Adjustment

We live in an ever-changing world, and at Holston Electric Cooperative, it is our responsibility to keep pace with our community’s priorities and needs. Because we are a cooperative, we have a different way of operating. Holston Electric Cooperative exists to provide safe, reliable and affordable energy to you, the members of the co-op. Equally important is our mission to enrich the lives of the members we serve through HolstonConnect LLC. We hope you consider us to be more than your energy provider and source for advanced fiber services. HEC is a local business that supports this community and powers economic development and prosperity for the people.

We are in the midst of significant changes in the energy sector as technology and the drive for more renewables and a more balanced energy mix are impacting long-term planning. These are complex issues that we will be navigating in the coming months and years. This is why it’s so important that we plot our course for the future by examining financial forecasts, reviewing internal cost controls and analyzing what it costs us to provide electric service to each member.

Holston Electric Cooperative works to continually learn from our members about their priorities so we can better serve you — because your electric co-op was built by the community, for the community. But we can only improve, adapt and effectively plan for the future if we closely evaluate necessary renovations to increase reliability of service.

As the need for additional delivery points and substations has become more crucial and customer growth is at a standstill, a rate increase is not just advisable but necessary in order to remain financially stable and secure. Effective Jan. 1, 2020, all members will see a 3.5 percent increase across the board.

For our co-op and community to thrive now and in the future, we depend on this funding to provide and maintain all the infrastructure necessary to each customer.

Rates

Effective February 1, 2020

These published rates include a fuel charge adjustment (FCA) which is determined monthly by TVA.