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Average GVEA bill to decrease by $4

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Posted: Saturday, November 30, 2013 12:14 am | Updated: 9:22 am, Sat Nov 30, 2013.

FAIRBANKS — Golden Valley Electric Association is projecting a $4 decrease in the average customer’s monthly bill starting next month, a dip attributed to lower fuel expenses for the Interior utility.

GVEA’s fuel and purchase power charge has dropped by 24 percent in the past two years, a trend attributed to declining oil prices, added wind-power and a deal to buy cheaper natural gas power from Chugach Electric.

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