BARC Electric Cooperative To Lower Rates
In a January 1st press release, BARC Electric Cooperative announced that it is returning 100% of a recent power cost reduction to its members in the form of lower rates. These new rates are effective January 1, 2017. The reduction was possible because of BARC’s membership in Old Dominion Electric Cooperative, an organization that procures power supplies for its 11 member/owner cooperatives in the tristate area of Virginia, Maryland, and Delaware.
Mike Keyser, BARC’s CEO, pointed to the co-op’s vision statement, “We strive to improve the quality of life in our community,” as guiding the return of power cost savings to members. Mr. Keyser stated, “Being a customer-owned cooperative means that our members directly benefit from any cost savings we achieve. It helps household budgets, and helps our community as our members have more money to spend locally.”
The average customer will experience a 3.6% reduction in their bill. Actual percentages saved per member will vary based on energy consumption. Members can expect to see the reduction starting in their January bills.
BARC Electric Cooperative serves nearly 13,000 members in Bath, Allegheny, Rockbridge, Highland, and Augusta counties. BARC is organized as a not for profit operation and has been in continuous operation since its formation in 1938.
For more information, call 1.800.846.2272 or visit their website at www.barcelectric.com.