The Tennessee Valley Authority (TVA) has announced a 5.25% increase to the rates it charges UCEMC for power, effective October 1, 2024. The TVA region is growing three times faster than the national average. To address the need for more electricity, TVA is investing nearly $16 billion through FY 2027 to build new generation, enhance the reliability of existing assets and for initial infrastructure The agency is building ~3,500 megawatts of new generation, TVA has made great progress by completing 1,400 megawatts and securing 800 megawatts of solar this year.

To fund ongoing construction and energy development, the TVA board approved a 5.25% base rate increase that will take effect Oct. 1, 2024. With an average residential bill at about $138, this increase will translate to about an additional $4.35 each month, compared to October 2023.

Please note, UCEMC does not retain any portion of the TVA increase. As your local, member owned Cooperative, UCEMC remains dedicated to deliver safe and reliable power at the best value to enhance life in our community.