Effective April 1, 2025, members of CREC will see a slight adjustment to their electric rates.
This adjustment is necessary as our generation and transmission partners (AECI and CEPC) invest in new “peaking” natural gas plants and expand the infrastructure to successfully deliver electricity to distribution cooperatives like CREC. Continuing increases in our suppliers’ fuel transportation and plant maintenance expenses are also passed along to distribution cooperatives.
These improvements are essential to meet the growing demand for electricity in our region. CREC, along with the other distribution cooperatives that AECI and CEPC serve, shares in the costs associated with these vital upgrades. It’s important to understand that power supply costs make up a significant portion of CREC’s total expenses, nearly 70%.
“We understand the impact of any rate increase and are committed to keeping costs as low as possible,” said Doug Tracy, CREC president/CEO. “We are a member-owned cooperative. These adjustments are not about generating profit; they are about covering the actual costs of the safe and reliable delivery of electricity to our members.”
Even with this adjustment, CREC’s rates remain competitive. At 10¢ per kWh, our rates are still lower than the Missouri average and are among the lowest in the nation, according to the latest data from the U.S. Energy Information Administration.
We encourage our members to continue monitoring their energy usage and explore ways to save. For questions or more information, please don’t hesitate to contact us.