From the CEO's Desk: By Doug Tracy
If you’re like me, certain aspects of your life become sort of a daily routine. I get ready for work, get in my car, and drive to the coffee shop on the way to the office. At lunchtime, I drive to the nearest fast-food location and get lunch. Once I end the day at home, I stream an episode or two of my favorite show before bed.
As we all look for ways to save money in this age of increasing inflation, consider those expenses — coffee, fast food, and entertainment subscriptions — they can add up quickly! And while they might provide temporary enjoyment, how much value is provided compared to other daily costs in our lives?
The average daily cost of electricity is under $5. At an average of $154 monthly, Cuivre River Electric Cooperative (CREC) provides electricity to light your home, cook meals, power all of your devices, and stay cool or warm. It’s a true value, especially considering its stability compared to rising inflation.
As a member-owned cooperative, CREC does everything in its power to ensure your costs stay reasonable and that electricity remains a great value. But it’s not always easy, as several factors beyond inflation impact the price of electricity — some within our control, most beyond it.
The cost of electricity can fluctuate due to supply and demand, infrastructure investment, maintenance, and operational expenses. Weather patterns also contribute, affecting both demand and generation capabilities, with extreme conditions leading to heightened energy use or disruptions. Government policies, such as subsidies for renewable energy or taxes and regulations on emissions, shape electricity costs as well. CREC considers all these aspects when adjusting rates, and the impact of those costs on our members.
The communities we serve depend on electricity for nearly everything, so it needs to be reliable and affordable. While power costs continue to surge across the nation, CREC remains committed to delivering electricity at the lowest cost possible, ensuring that you continue to receive exceptional value for your money.