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Rate Revisions

Tuesday | January 7, 2025
All News

One of the more difficult things that your cooperative board of directors and management must do is to determine the rates that are charged to members. While rates are designed to cover costs and ensure an adequate operating margin, rates are not as simple as they may seem. Rates are established for numerous “classes” of members from residential to commercial, we currently have around sixteen different rates in effect today. The goal in establishing rates is to be fair to all members. That means we must try to assure equity between rate classes and within a rate class. Commercial members should not “carry the load” for residential members and residential members should not contribute unfairly to support the operations of the co-op while businesses do not provide adequate support through the commercial rates. Likewise, a residential or commercial member using very little power cannot expect other members to pay to keep the lines clear and the power flowing just so power is available on the rare occasions when they need it.

Unfortunately, the rising costs we have all been experiencing continue to hit your cooperative.

While your board realizes the financial pressure those of us in southeastern Ohio experience, they also realize the obligation GMEC has to provide you with reliable electric service.

The service availability charge, which is currently $30.00 per month, will rise to $32.00 per month. This fixed charge is designed to cover the cost of installing and repairing poles, wire and equipment, and maintaining your electric distribution system whether you use electricity or not. Even with this increase, our fixed charge is still one of the lowest in the state among electric cooperatives.

Also, the charge for rural lights will increase by $2.00; the typical rural light will increase from $10.50 to $12.50 per month. An increase for rural lights has not occurred since 2014.

Both increases will take effect with the February billing.

GMEC is committed to delivering electricity to you at the lowest possible cost and minimizing the impact of any rate increases. We regret the need to increase rates at this time; however, it is necessary to allow us to continue and improve our programs of maintaining reliable electric service to our membership

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17 S. Liberty St.
New Concord, Ohio 43762
Fax: 740-826-7171
Ohio Toll Free: 1-800-521-9879

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  • Home
  • About Us
    • About Us
      • History
    • Board of Directors
    • Business Office Info
      • Directions
    • Careers
    • Code of Regulations
      • Articles of Incorporation
      • Code of Regulations
      • Mission Statement
      • Statement of Ideals
    • Competitive Difference
      • Deregulation and Choice
      • Generation Assets
      • Renewable Energy
    • Contact Us
      • Contact Update Form
    • Nondiscrimination Statement
    • Service Territory
  • Acct Services
    • Billing Services
      • Automatic Direct Bill Payment
      • Billing Rates
      • Budget Plan
      • Member Assistance
      • Payment of Bills
    • Capital Credit Retirement
    • Capital Credits
    • Financial Assistance
    • Financial Assistance
    • Service Fee
    • SmartHub
  • Community
    • 4H Involvement
    • Community - Youth
    • Operation Helping Others
    • Scholarships
    • Youth Tour
  • Member info
    • ACRE Coop Owners for Political Action
      • ACRE - Frequently Asked Questions
    • Annual Meeting Notice
      • Directions to L. W. Miller School
    • Annual Meeting of Members
    • Cardinal Plant Tour
    • Energy Alternatives - EnviroWatts
      • EnviroWatts Application
    • FAQ
    • Ohio Cooperative Living
    • Peak Management
    • Renewable Energy
  • Operations
    • Service Specifications
      • Meter Pole - Overhead Service
      • Overhead Service - No Mast
      • Overhead Service - With Mast
      • Meter Pole - UG Service
      • UG Service - Pedestal Panel
      • UG Service - Pedestal Post
      • UG Service - Structure Mount
      • Ohio MH Commision
    • Before You Dig - OUPS and OGPUPS
    • Non-Outage Trouble Form
    • Reporting Outages
    • Rolling Power Outages FAQ
    • Trees and Right-of-Way
      • Select the Right Tree
    • Service Disconnect
  • Services
    • Geothermal
    • Air Conditioning
    • Dual Fuel
    • Generator Transfer Switch
      • Generator Wattage Guide
      • Which Generator to Buy
    • Home Energy Audit
    • Radio Controlled Switches
    • Safety Demonstrations
    • Water Heaters
  • Useful Tools