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Huntersville to hold electric rates steady; renewable-energy rider to rise 5¢ per month
Summary
Town staff said proposed municipal electric rates will not change for FY 2026, but the renewable-energy portfolio standard (REPS) rider collected from customers will increase from $0.82 to $0.87 per month effective July 1.
Town electric rates are proposed to remain unchanged in the FY 2026 budget, staff told the Huntersville Town Board, but the renewable-energy portfolio standards (REPS) rider will increase from $0.82 to $0.87 per customer per month effective July 1.
David (staff member) explained the REPS rider and its legal basis: the rider is a pass-through charge collected from electric customers and remitted to the power agency to comply with state renewable-energy requirements enacted in 2007. “REPS is renewable energy portfolio standards. On August 2, 2007, Senate Bill 3 was passed, which required any entity that had an electric utility to pay money toward renewable energy portfolio standards,” David said. He added the increase is a small fraction of customer bills—about 5 cents per month, or roughly 60 cents per year.
Why it matters: The REPS rider funds compliance with state renewable-energy obligations and is administratively separate from the town’s base retail electric rate. Staff framed the change as a pass-through mandated by the town’s power arrangements rather than a discretionary revenue increase.
Details
- Rate recommendation: Staff recommended no change to basic electric rates for customers for FY 2026.
- REPS rider: The rider will move from $0.82 to $0.87 per customer per month, effective July 1; staff characterized this as a pass-through used by the power agency to meet renewable energy requirements under state law.
Attribution and next steps
This was discussion at a budget workshop; the board did not take a formal vote on electric rates at the session. Staff indicated they would incorporate the REPS adjustment into the proposed utility budget for formal consideration in the coming budget-adoption process.
