Effective October 1, 2023, Tennessee Valley Authority (TVA) is implementing a 4.5% wholesale rate increase, and is also discontinuing the Pandemic Relief Credit, which has been in effect since October 2020. As a result of these changes, the Electric Plant Board of the City of Russellville (REPB) will need to pass through the TVA increase to our customers, as well as implementing a 2.4% rate increase, spread equally to all of our customer rate classes, in an effort to recover the discontinued credit. Over the past
several years, REPB has experienced dramatic cost increases in all areas of doing business including material, transportation, and labor. These costs have a direct effect on our electric rates. As a result of the rate changes, the average REPB residential customer will see an increase of 5.10% on the monthly electric bill.
REPB’s mission is to provide the highest standards of service, reliability, efficiency and courtesy at competitive rates. Although we understand the burden a rate increase has on our rate payers, REPB has absorbed as much of the cost as feasibly possible and a small increase is needed to continue the level of service and reliability that our customers have come to expect. Russellville Electric Plant Board continues to have one of the lowest rates in the TVA area.