Sallisaw News

Sallisaw News

Posted on: September 21, 2022

Cost to Generate Electric Power Continues to Increase

The City of Sallisaw continues to deal with escalating cost for electricity purchased from the Grand River Dam Authority (GRDA). For many utilities, including GRDA, natural gas remains a primary fuel source for power generations.

Sallisaw, Oklahoma (September 21, 2022) – The City of Sallisaw continues to deal with escalating cost for electricity purchased from the Grand River Dam Authority (GRDA). For many utilities, including GRDA, natural gas remains a primary fuel source for power generations.  Natural gas markets in May 2022 were up 291 percent, compared to May 2021.

 

The U.S. Energy Information Administration (EIA) expects U.S. natural gas prices to remain high through 2022 due to lower than average natural gas inventories resulting from factors affecting both supply and demand.  Unfortunately, for GRDA and GRDA communities, this means the Power Costs Adjustments (PCA) passed to GRDA customers will remain high for the foreseeable future. 


For more on this story, click here to view the press release

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