Diverse Increases Electrical Service Rates by 10 Percent

Diverse Power has implemented a rate increase due to significant increases to wholesale energy purchase costs.

Effective July 20, the company’s electrical service rates increased by 10 percent in response to a 28 percent increase in the costs it currently pays for wholesale power.

According to Diverse, wholesale power costs have increased is due to limited availability of cheaper energy resources such as coal and drastic increases to the global prices increases of commodities such as natural gas, as well as increased power demands from customers running air conditioners more during this historically hot summer.

The rate increase, which Diverse says is temporary, will help avoid service interruptions during peak usage times.

The completion of Plant Vogtle Unit 3 will ease some of the burden on energy production and hopefully help stabilize energy rates in the upcoming future with further diversification of energy sources. Vogtle Unit 3 now expected to be in service by the end of the first quarter of 2023, with Unit 4 following by the end of 2023.

The former Troup EMC now serves over 27,000 residential, commercial and industrial customers throughout Troup County along with Calhoun, Clay, Coweta, Dougherty, Early, Harris, Heard, Meriwether, Muscogee, Quitman, Randolph, Stewart, Terrell Counties in Georgia, and Chambers County, AL.

The author of this article can be reached via email at info@troupcountynews.net.

Tommy Murphy
Staff Writer