Due to a recent Tennessee Valley Authority (TVA) wholesale rate increase and the discontinuation of its Pandemic Relief Credit, Duck River Electric (DREMC) residential members experienced an approximately 7% rate increase on Sunday.
As a result of the TVA rate actions, DREMC residential rates will be simplified from a three-part energy rate structure to a single energy rate for all kilowatt hours (kWh) consumed, bringing the rate structure in line with other electric utilities in the Tennessee Valley. DREMC’s rate adjustment equates to an approximately $2 per month increase on the average electric bill and, when combined with the TVA actions, results in an approximately $5 increase in October electric bills based on the average consumer’s volume.
