(COLLINSVILLE, OKLAHOMA / Feb. 25, 2021) – The City of Collinsville wants to let its power customers know it is too early to know the impact of last week’s extreme cold weather on bills.
“We just don’t know what the increased costs will be at this time, said City Manager Pam Polk. “We are in discussion with Grand River Dam Authority, which provides electric power to Collinsville. The drastic jump in natural gas prices due to demand and shortage of supply will affect costs of gas and electricity."
The next Collinsville utility billing cycle is February 25 and customers on that cycle will not likely see an increase in their bill as the cut off for the cycle was February 14. The next billing cycle on March 25 is when customers will most likely see an increase in their bill because of increased usage due to the extreme weather that hit the region.
However, the per kWh price for electricity is not changing at this time. So, any increases in a customer’s normal bill will be from increased usage, not an increase in electric rates.
“It’s just too early to know what the impact may be. It will take several weeks before the true cost of this event is known. But we will have to recover the costs for this extraordinary event.”
The Grand River Dam Authority (GRDA) has a rate stabilization account that will most likely help address the increase in energy costs. “In theory this is exactly what the fund was designed to do,” GRDA said in an update to its customers.
Collinsville utility customers are reminded that the City only provides electric and water service, not service for gas.
Customers also are reminded that even if their utility bill is set for auto pay, they will receive their statement approximately 15 days before the bill is due. Customers are encouraged to review their bill before the due date and contact the City if they are concerned about the amount.
The City is always willing to discuss payment plans for service with customers.