Blue Ridge Energy Announces Rate Adjustment Due to Rising Costs
Blue Ridge Energy has revealed that, due to escalating wholesale power prices and increased costs for electric system materials, an adjustment will raise the average member’s bill by 5%, roughly $7.25 for those using 899 kWh monthly. This change takes effect in November.
The cooperative’s Board of Directors approved this increase following a cost-of-service study that highlighted the ongoing challenges related to rising expenses. CEO Katie Woodle emphasized the difficulty of implementing rate changes but noted that sustained increases in wholesale power costs are a primary concern.
In addition to wholesale prices, the costs of equipment and materials necessary for maintaining a reliable electric system have also risen significantly. However, Woodle pointed out that Blue Ridge Energy has been proactive in controlling expenses through its Propane and Fuels and RidgeLink subsidiaries, which contributed $6.7 million in after-tax net benefits back to the cooperative in 2025. This financial support has helped mitigate some cost pressures.
Furthermore, the cooperative has renewed its WorkSmart program, initiated in 2009, which has saved over $56 million through employee-led efforts to improve operational efficiency.
To assist members in managing their bills, Blue Ridge Energy offers various programs, including Budget Billing and FlexPay, along with tools like the Usage Tracker found in member portals.
For more details, members can visit Blue Ridge Energy’s savings webpage, and further information regarding the rate adjustment will be included in the upcoming October newsletter, Membership Matters.
Blue Ridge Energy serves approximately 80,000 members across several counties, operating as a not-for-profit electric cooperative.
