Press Release: Holy Cross Energy announces May 24 rate change public comment session
Holy Cross Energy Announces May 24 Rate Change Public Comment Session
Written Public Comment Period Extended to May 15 to Allow for Additional Member Input
Glenwood Springs, CO, April 27, 2023 – Today, member-owned rural electric cooperative Holy Cross Energy (HCE) announced additional opportunities for members and communities served by HCE to submit comments regarding HCE’s proposed electric rate changes due to take effect on September 1.
In February 2023, the HCE Board of Directors adopted a multi-year rate strategy that provides a more equitable way to collect the revenue needed to operate the HCE electric grid, and source the electricity supply needed to serve HCE’s 46,000 members and their communities. Even with these changes, HCE rates will remain in the lower third of all Colorado electric utilities.
The proposed electric rate changes increase the monthly membership charge to address cost increases for billing, collections, member services, and community programs. The changes also expand the existing demand charge to all HCE members regardless of size, while focusing it only on the hours between 4:00 p.m. and 9:00 p.m. each day when energy and capacity costs are the highest.
A new per-kilowatt hour delivery charge is also proposed to equitably recover the costs of operation and maintenance of the HCE electric grid, and the per-kilowatt hour energy charge is reduced substantially to reflect only the cost of the energy itself, sourced from a mix of local and regional clean energy resources.
HCE will hold a public comment session during their monthly Board of Directors meeting beginning at 1:00 p.m. on Wednesday, May 24, to provide an additional venue for the HCE Board to listen to feedback related to the proposed rate changes. This meeting will have an in-person option at HCE’s Glenwood Springs headquarters, a virtual option, and will be recorded for later viewing. To sign up for the public comment session, members can RSVP at https://www.holycross.com/board-meeting
HCE has also extended the deadline to submit written comments through their website from April 30 to May 15. All comments received by that date will be compiled and presented to the Board of Directors at their meeting on May 24.
For more information on the proposed rate changes and to submit comments regarding the changes to HCE’s Board of Directors, members can visit www.holycross.com/rates.
About Holy Cross Energy
Founded in 1939, Holy Cross Energy (HCE) is a not-for-profit rural electric co-op providing safe, reliable, affordable, and sustainable energy and services that improve the quality of life for more than 45,000 members in western Colorado. HCE was built by and belongs to the diverse communities and member-owners we serve. Membership is open to everyone in our service territory, regardless of race, religion, age, disability, language, political perspective, or socioeconomic status. HCE is committed to leading the responsible transition to a clean energy future. Its 100×30 goal is to provide members with 100% clean energy by 2030 and achieve net-zero greenhouse gas emissions by 2035. For more information on HCE, please visit www.holycross.com.