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REC announces a rate increase likely due to supply increases

Rappahannock Electric Cooperative (REC) announced in an email to its member owners that a rate increase may be necessary.

Due to a significant increase in the cost of electricity the cooperative receives to deliver to its member owners the cost is likely to increase.

These increases have been caused by the ongoing supply chain issues and spike in the cost of fuel used to generate your electricity.

As a result as of August 1 you may see an additional 10 to 16 percent increase based on your usage and rate.

The change will be reflected in the power cost adjustment line item on your bill and is directly related to the increase in supply cost.

Any questions or concerns can be directed to REC at 1-800-552-3904.

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