CVEC’s rates are structured to recover power supply purchases based on a specific average cost. When the actual cost of purchasing power fluctuates, CVEC must adjust the Power Cost Adjustment (PCA). This ensures that the cost of purchasing power for CVEC members is fully recovered through the rates. The PCA is increased when power costs are higher.
When power costs are lower, the PCA is decreased and reflected as a credit on member bills.
Effective June 1, 2026, the Power Cost Adjustment (PCA) line on bills will increase by about 1.4¢ per kWh to recover the increase in purchased power costs incurred in late January and early February. We purchase power from multiple suppliers to help protect you from price volatility. As older power contracts expire, we are actively securing new energy sources that offer the best value for our members. However, today’s market prices are significantly higher, which affect overall power costs.
The PCA increase is due to higher market prices along with rising power costs from our regional grid operator, PJM. CVEC passes the power costs through without a markup, so 100% of the PCA increase is used to purchase the power that we deliver to our members.
We know every dollar counts, and we’re dedicated to navigating these cost increases responsibly for the members we serve.