How much are rates going up?

Under the new rates, an average residential member using 1,000 kWh per month will see an increase of about $7.27 per month, which includes the Power Cost Adjustment rate as of February 2024.

• The Power Cost Adjustment (PCA) is a pass-through cost from our wholesale provider, Old Dominion Electric Cooperative (ODEC). SVEC has no control over it, and it makes up about 70% of the monthly bill.

Impact on individual member bills may vary based on rate schedule and usage.