GVEA - Golden Valley Electric Association Inc.

01/21/2026 | Press release | Distributed by Public on 01/21/2026 18:55

GVEA Rate Case Update: Interim Rates Effective

GVEA filed a Rate Case with the Regulatory Commission of Alaska (RCA) on December 1, 2025, which includes proposed changes to utility and demand (if applicable) charges, and updates to the way rates structured for some rate classes. As part of the filing, GVEA requested to implement interim and refundable rates - an increase of 7.4% to the utility & demand (if applicable) charges for all rate classes - in the event that the Rate Case was suspended for further investigation.

GVEA received the RCA order suspending the Rate Case and approving the interim rates as proposed. The order required interim rates go into effect January 15, 2026, which means these rates are now in effect.

What Does This Mean for You?

Below are the adjusted interim rates for the utility and demand charges. These rates will be frozen until the conclusion of the rate case, with the current deadline for the RCA set for February 24, 2027. Additionally, collected interim rates during this period are refundable should the RCA ultimately determine that GVEA should collect less revenue than proposed.

  • Residential: Utility Charge: $0.16311 per kWh
  • GS-1: Utility Charge: $0.17264 per kWh
  • GS-2(S) & GS-2(P):
    • Utility Charge: $0.05737 per kWh
    • Demand Charge: $28.60 per kW
  • GS-3:
    • Utility Charge: $0.01615 per kWh
    • Demand Charge: $38.61 per kW
  • DCFC: DCFC Station Rate: $0.18799 per kWh

For a full breakdown of the proposed permanent rates and changes to the rate structure and more details on the Rate Case process, please refer to the full news release, published in December.

We encourage you to stay informed as we continue through this process. If you have any questions or need more details about the Rate Case or the interim rates, please feel free to email[email protected] or call 907-452-1151.

A Note About January & February Bills

We recognize that any rate increase is difficult and understand that this timing may feel especially challenging considering that many members may receive their highest electric bills of the year in January or February, following the longest stretch of sub-zero temperatures Fairbanks has experienced in 108 years.

Extended periods of extreme cold significantly increase electricity use across our service area. Factors such as vehicle plug-ins, additional electric heating, and more time spent at home during the winter months all contribute to higher usage. When combined with interim rates taking effect, we understand that this can add financial strain to some members. If you need support, GVEA offers financial assistance programs and flexible payment options designed to help members during times of need. Learn more HERE, or contact Member Services at [email protected] or (907) 452-1151, Monday through Friday, 8:30 a.m. to 4:30 p.m.

GVEA - Golden Valley Electric Association Inc. published this content on January 21, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on January 22, 2026 at 00:55 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]