Marshall County REMC members will see the new rates that go into effect for their bills due August 15th. Residential and farm members will see an average increase of 11-13%.
After a thorough review of the rates by the National Rural Utilities Cooperative Finance Corporation, the rate increase was approved by the Marshall County REMC board of directors.
The last increase for Marshall County REMS went into effect in 2011. In the last 11 years, the overall cost of doing business has increased including the cost of poles, wires, transformers, and other equipment. CEO Dave Lewallen said, “To provide the best service available to our members, we must increase our rate.”
Members may see what looks like a new charge on their bill called the facility charge. This is not a new charge but a recurring monthly charge that has been split out separately on your bills. This charge recovers the fixed cost of providing electricity to your home. It includes the operational expenses of Marshall County REMC that are shared equally by each class of service which does not vary with the amount of electricity you use. It recovers some of the costs related to rights-of-way maintenance, metering, billing, accounting, and other expenses for Marshall County REMC.