TVA Discusses New Pricing Structure.

TVA said it is moving to a new pricing system aimed at averting “sticker shock” during periods of extreme heat or cold.
Officials said January 2018 in the Tennessee Valley was brutal. With weather dropping into the teens and twenties, conditions were harsh – for humans and for heaters. As a result, many consumers were surprised with unusually high power bills caused by the unusually low temperatures.
Cass Larson, TVA’s vice president of Pricing and Contracts, said TVA is working on a wholesale rate change that will modernize its pricing structure by lowering energy rates and adding a fixed rate charge to access the power grid.
Mr. Larson said he and his team are still working through the details of the rate change in partnership with local power companies, but consumers will have a chance to provide feedback through a public comment period.