Why is SVEC raising rates?

Since our last rate increase in 2022, SVEC has continued to see increases in our costs of service consistent with the increasing operational costs in the utility industry and economy in general.

The 2024 increase will provide funding that offsets the increased cost of doing business to maintain a high level of reliability on our system.

The additional funds will go toward maintenance and construction of electric infrastructure expenses, such as poles, copper wire, transformers, etc.

• The increase will not create new rate structures or programs not currently supporting reliability and service.