Retail electric customers of Nebraska Public Power District have reason to be thankful. There will be no overall retail rate increase for residential or business customers for at least another year, according to NPPD spokesman Clint Przymus.
“It’s the third year in a row that we’ve been able to hold our costs down and offer a zero rate increase for our retail customers,” Przymus says. “That’s accomplished through a number of different ways, a lot effective cost control by our employees, we put in some great cost-cutting measures, and also a great use of technology to create some efficiencies.”
Przymus says it’s not just coal power that keeps prices low, but that’s part of it.
“We’re very fortunate at NPPD to have a very diverse generation mix of coal and natural gas and wind and hydro and nuclear,” Przymus says. “One of the benefits of that is that we’re prepared to deal with the different market fluctuations as they come. That’s certainly something that is a benefit to us.”
Pryzymus says the combination of multiple types of power generating plants helps to keep rates stable.
“We certainly don’t put all of our eggs in one basket,” he says. “Living where we do, coal is very low cost and we have our share of that. Nuclear is a carbon-free source of energy and we have a good supply of that as well. Also, we’re continuing to expand our renewable generation with wind and we have a significant amount of hydro facilities as well.”
Przymus says Nebraska is also blessed with a variety of great natural resources. NPPD serves about 600,000 customers statewide in 87 of Nebraska’s 93 counties.
By Jerry Oster, WNAX, Yankton