Grant PUD going strong in uncertain times
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Last updated 9/9/2020 at 8:22am
Grant County PUD customers will be happy to hear their electric rates won’t be going up anytime soon.
PUD commissioners learned at their Aug. 25 meeting that the PUD is on track to meet most of its financial targets through 2025 “with virtually no annual electric rate increases to customers,” a recap of their meeting posted on their website reads.
However, “conditions could change amid revenue uncertainty on the wholesale energy market and spending needs in the coming years as the economy continues to recover from the COVID-19 pandemic.”
“We’ve seen some pressure, but against the targets, we’re still strong,” General Manager Kevin Nordt said on the topic.
Residential rates in Grant County are 55 cents per day, 4.5 cents per kilowatt hour, and a minimum charge of $20 a month.
For comparison, the state of Washington’s average residential rate is 8.53 cents per kilowatt hour, the lowest in the nation according to electricitylocal.com.
Spokane’s average residential rate is 5.71 cents per kilowatt hour.
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