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Rural Fairbanks power customers see rate decrease

Posted: December 2, 2013 - 11:22am

FAIRBANKS — Rural Fairbanks power customers will be receiving good news on their December electric bills.

Golden Valley Electric Association projects a $4 decrease in bills for an average customer because of lower fuel expenses.

The Fairbanks Daily News-Miner (http://bit.ly/1eIVrAL) reports fuel and the cooperative’s purchase power charge have dropped by 24 percent in two years.

Wind power, declining oil prices and cheaper natural gas power purchased from Anchorage’s Chugach Electric have helped lower expenses.

Golden Valley says the average monthly residential bill will be about $146 based on the use of 660 kilowatt hours.

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