31-Dec-2019BARC Announces 2020 Electric Rate Decrease
Date: December 31, 2019
For Immediate Release
Contact: Tish Blackwell, 800-846-2272 (firstname.lastname@example.org)
Millboro, VA –BARC Electric Cooperative’s (BARC) stated mission is to improve the quality of life in the community. As part of that mission, BARC strives to provide safe, reliable and affordable electric service to its members. The cooperative staff work hard to manage costs and expenses to minimize the need for rate increases and pass through decreases whenever possible. To that end, BARC is pleased to announce it will be lowering its electric rates by about 7% in 2020.
This electric rate decrease will take effect for bills rendered on or after January 1, 2020. The adjustment reflects decreases in the cost of purchased power (called “Electric Supply Services” on members’ bills). The average residential customer consuming 1,000 kilowatt-hours per month should see about a $7 per month reduction in their bill.
“Costs tend to rise over time, and it is not often that a company, especially a utility, lowers the cost of their product. We are fortunate to be in a position to pass along a cost reduction to our members, especially one as substantial as this,” said Mike Keyser, BARC’s CEO. “We are conscious that some of our members struggle to pay their bills in the winter months. Hopefully this rate decrease will help ease that burden.”
BARC Electric Cooperative is a customer-owned electric cooperative serving 13,000 residents, farms and businesses across five counties in Virginia. To continue to serve and meet the needs of its members, BARC constructed the first community solar garden in the Commonwealth and provides high-speed Internet, telephone and television service through BARC Connects, its wholly-owned fiber-to-the-home subsidiary. This institution is an equal opportunity provider and employer. To learn more about all the exciting things happening at BARC, visit www.barcelectric.com and www.barcconnects.net.