Rate Stabilization

Every year on July 1, we adjust electricity rates based on the price of oil used to generate electricity at the Holyrood Thermal Generating Station, the amount of electricity used by customers, and the annual amount of water we use for hydroelectric generation.

This routine, annual adjustment is called the Rate Stabilization Plan (RSP). It was created to ensure that customer rates reflect the actual cost of electricity generation from year to year.

Learn more about how the price of fuel impacts electricity rates here.