Electric rates for HEC members are adopted and approved by the Board of Directors. The revenues collected from the rates are used to cover the cost of providing service, paying for equipment and maintenance, and for paying off loans – no more, no less.
The cost of electricity for HEC members is still well below the national average. As an electric cooperative, HEC’s primary responsibilities are to provide electricity at the lowest possible rates consistent with the need to remain financially sound and to provide reliable service.