Rate Increase Approved by Public Service Commission
It’s been ten years since Nolin RECC had an increase in rates. In fact, Nolin actually decreased base rates in 1990! This is an incredible record and one that we are extremely proud to claim, but we can’t avoid delaying a rate increase any longer.
After filing for a rate increase in December 2016, Nolin received approval from the Kentucky Public Service Commission (PSC) on June 21st for an 11.4 percent increase for residential electric usage which went into effect immediately. Members began seeing a portion of this increase on their July bill statement. The increase will add about $12 a month to the average residential electric bill which includes a $4.46 increase in the cost of member service charge.
It’s remarkable that this increase is only the third one we’ve experienced in nearly 40 years, which serves to prove Nolin works very hard to hold rates steady while the cost of living continues to increase. We operate your cooperative with your best interests in mind, and we are always reluctant to raise rates unless it is absolutely necessary.
To offset the slight increase, members are encouraged to take advantage of Nolin’s energy rebate programs. We have several ways to help you manage your electricity usage – just call the Nolin office at 270-765-6153 and ask for one of our energy advisors.