What is Wiregrass Electric doing to manage increases in power costs?

Managing power costs is critical. Here’s how WEC and PowerSouth Energy Cooperative are
acting to curtail increases:

1. In a world of fluctuating fuel costs, we’re employing strategic hedging. By locking in gas prices at favorable rates, we’re guarding against unpredictable spikes. It’s a bit like buying insurance against a sudden rise in costs.
2. A power purchase agreement with Vogtle Power Plant adds nuclear energy to our energy portfolio this year, promoting cost stability.
3. The new Lowman Energy Center, which utilizes the most efficient technology to date, leverages natural gas effectively.
4. We work with vendors to stock up on essential items when available and affordable, increasing our inventory thoughtfully, though it requires financial investment.
5. We keep a lean team. WEC’s service has grown, but our workforce remains modest with just 57 full-time employees, less than most similarly sized electric co-ops. We remain efficient and effective by using innovative technology to ensure reliable and quality service.
6. Every dollar counts. Thoughtful spending choices reflect our commitment to affordability without detriment in the quality of our services.

This year’s investments reflect our long-term thinking. We’re planning for tomorrow and the years ahead, guided by our commitment to providing reliable and affordable energy. Your continued trust and support make it possible.

We believe these strategies are a testament to that promise, and we thank you for your continued trust and support.

If you have any other questions or concerns, we’re here to help.