The Tennessee Valley Authority (TVA) has announced a 5.25% wholesale rate increase beginning in October 2024 which will affect Hopkinsville Electric System (HES) customers as well as the other 152 TVA power distributors in the seven state service area. Due to population growth and greater energy demand, TVA will require additional funds to build new generation and infrastructure and enhance the reliability of existing assets. In addition, HES will be implementing an increase to the kwh charges which will be spread among all our residential and commercial rate classes. The total of these rate changes will result in a $6.48 increase to the monthly electric bill of the average residential customer which will vary depending on usage.
“HES understands the burden a rate increase places on our customers and we work very hard to provide the highest quality service at the lowest cost. This increase is needed to continue to provide the level of service and reliability that our customers have come to expect”, says HES & energynet General Manager Jeff Hurd.
HES still remains one of the lowest cost electric power providers not only in western Kentucky but throughout the TVA seven state region. HES is a not-for-profit municipal utility which serves 13,000 customers within the City of Hopkinsville.
HES customers can find energy saving tips and efficiency programs to reduce your electric usage and lower your monthly bill at our website www.hop-electric.com or call 270-887-4200. The rate changes will become effective October 1, 2024 and complete details on HES electric rate schedules can be found on the same website.