NPPD’s Economic Development Rate Lowered Once Again for 2017
Nebraska Public Power District’s (NPPD’s) Board of Directors has once again approved the lowering of the wholesale economic development rate for 2017. The new rate for the production component of electric service to qualifying customers is 2.7 cents per kilowatt hour, effective January 1, 2017.
The total electric rate paid by an end-use retail customer is determined by the local retail power provider and would include additional applicable expenses needed to transmit and deliver the electricity to the customer. It is estimated that the total electric rate could fall in the range of 3.7 to 5.0 cents per kilowatt hour.
Prospective or expanding customers are eligible to receive the economic development rate for up to five years, if they receive retail service from NPPD or one of NPPD’s wholesale customers AND meet the following criteria:
- Have new or additional electrical load of 1 megawatt or greater with a monthly load factor of 60 percent or greater;
- Have entered into a written agreement with the state or any political subdivision to provide an economic development project pursuant to state or local law; and
- Wholesale customer and end-use customer have entered into a written service agreement with NPPD.