Great News! How SSVEC is Giving Back with Summer Bill Credits

Prices seem to be going up everywhere lately, and stretching our budgets is becoming a greater challenge every day.

The prices of groceries, gas, and just about everything in between have increased lately, but here in Southeastern Arizona, Sulfur Springs Valley Electric Cooperative (SSVEC) is doing something a little different: putting money back into its members’ pockets.

What Are These New REST Credits on Your Bill?

Starting in June, SSVEC members will notice a new line item labeled “REST” on their monthly electric bills. Instead of adding a charge, this line shows that money is being returned to co-op members as bill credits.

These credits are tied to funds collected under the Renewable Energy Standard Tariff (REST), which are now being redistributed to help offset higher summer energy costs.

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Why Is SSVEC Returning Money to Members?

Earlier this year, the Arizona Corporation Commission approved SSVEC’s proposal to eliminate the REST surcharge altogether and return existing funds to its members, which, as the press release from SSVEC puts it, “provide direct and meaningful value.”

That decision means three big changes:

• The REST fee is gone.
• About $7 million will be returned to members through bill credits.
• A new $2.5 million renewable energy grant program will support local projects.

READ: SSVEC Competes In International Linemen's Rodeo For First Time

How Much Can Members Expect to Save?

According to SSVEC, the average residential member could save around $10 per month during the summer. This is perfect timing, just as energy use (and bills) typically spike as we're running air conditioners, fans, pool pumps, and other things to keep us cool as the Arizona heat settles in.

READ: What To Look For As Spring Arrives In Arizona

What Else Is SSVEC Doing with the Funds?

But wait, there’s more! In addition to bill relief, SSVEC is investing in the community through renewable energy grants for schools, nonprofits, municipalities, and more, all to support projects such as solar and battery storage.

For co-op members, it’s a welcome bit of relief at just the right time, and every little bit counts!