Like other businesses and families, REC has faced significant challenges related to inflation and supply chain barriers. While your Cooperative works year-round to keep costs down, the expenses related to maintaining a reliable electric grid continue to increase.

In late October, REC filed an application with the Virginia State Corporation Commission seeking approval to increase the rate charged for distributing electricity by about 4% for residential member-owners. The new rate would be effective as of January 2023.

For an average residential member who uses about 1,350 kWh of electricity each month, a bill would increase by about $7.78. The residential Access Charge is not changing. Many business, commercial and industrial members would see an increase of about 2%.

Effective January 2023, REC also is adjusting its line extension policy, setting a flat rate of $2,500 toward construction required to connect a member to REC’s system.

Why and When are Rates Changing? What is the Impact to Members? What's Not Changing?

Help pic

REC IS HERE TO HELP

Your cooperative will work with members to find solutions and payment plans that suit their budget. These solutions include a variety of flexible bill-payment options. In addition, state and local resources provide assistance for community members who are struggling to pay their bills.
 

Find more information on how REC Can Help HERE.

REC STORIES

Sharing Career Information with Students

Monday | November 28, 2022
REC has also been participating in a number of career days. Employees talked to the students about the different job opportunities at REC, as well as ...

REC Helps Stuff the Bus

Monday | November 21, 2022
REC donated $500 of nonperishable food items to The River 95.3’s annual Camping for Hunger food drive.
REC's Eugene Hamrick, Director – Enterprise Analytics and Innovation, was recently named in the Top 25 Thought Leaders in Utility Analytics by the Uti...