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Electric Bill Jump Explained | Anchorage News
Description
Your electric bill just got a surprise bump—here’s why. Matanuska Electric Association members can expect a $14.53 monthly increase due to rising natural gas costs, reduced cheap power from neighbors, and lower hydro output. Add a new $170K monthly fee to Hilcorp for gas storage, and you’ve got a recipe for higher bills. MEA extended its gas contract with Hilcorp until 2029, but at a slightly higher rate. They’re also eyeing oil-fired backup power and preparing to bid on renewable projects—solar, wind, and hydropower—to hedge against future gas price volatility and shrinking Cook Inlet supplies.
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