Specifications include, but are not limited to: The Town of Bedford, Virginia invites proposals from Offerors authorized to do business in Virginia capable of satisfying the Town’s request for on-call utility rate analysis services. The Town of Bedford operates a municipal electric utility that provides service to the citizens of the Town of Bedford and customers adjacent to the Town. The Town charges a base rate and uses a fixed cost power cost adjustment (PCA) rider. Although the power cost adjustment (PCA) has been monitored and is adjusted semi-annually, the base rate structure has not seen substantial change for almost a decade. The last formal rate study completed for the Town of Bedford was in 2015. The Town completes semi-annual power cost adjustments based on a formula provided by ordinance.
