Electric Bill Jump Explained | Anchorage News

Your electric bill just got a surprise bump—here’s why. Matanuska Electric Association members can expect a $14.53 monthly increase due to rising natural gas costs, reduced cheap power from neighbors, and lower hydro output. Add a new $170K monthly fee to Hilcorp for gas storage, and you’ve got a recipe for higher bills. MEA extended its gas contract with Hilcorp until 2029, but at a slightly higher rate. They’re also eyeing oil-fired backup power and preparing to bid on renewable projects—solar, wind, and hydropower—to hedge against future gas price volatility and shrinking Cook Inlet supplies. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/1f05f1ce69d350ed