CLAY COUNTY, Fla. — Clay Electric Cooperative announced Wednesday that it will implement a rate increase starting in August due to a spike in costs.
Members using the industry household average of 1,000 kWh per month will see their bills increase by $10, bringing the total to approximately $148.
The rate increase will be reflected in the Power Cost Adjustment (PCA) on member billing statements. The PCA is a separate line item that adjusts based on the co-op’s wholesale power costs, either as a charge or a credit…