Clay Electric increases power cost adjustment

Monitor Editor

KEYSTONE HEIGHTS— Clay Electric Cooperative said rising natural gas prices are forcing it to increase the power cost portion of the charges it bills members.

The co-op said in its September Power Line bill insert that members using 1,000 KwH will see a $5 per month increase on their bills.

“Current and forecast natural gas prices are quadruple what they were in 2020, and roughly triple from 2021,” the utility said. “While prices at the pump are beginning to ease, natural gas is not to be confused with gasoline, which is used to power vehicles.”