CFU Board Approves 2021 Utility Rates
on Wednesday, November 25, 2020
In November, the CFU Board of Trustees set utility rates for 2021. The combined water, electricity and natural gas bill for Cedar Falls households will rise less than $2.10 per month on average.
Cedar Falls residents will see modest adjustments to natural gas, water and TV rates. The Electric Utility will keep rates the same for the majority of residential and business customers. Prices for internet service plans will also stay the same in 2021.
An average household’s natural gas bill will go up by $.77 and its water bill by $1.32 per month next year in Cedar Falls.
A small number of governmental and non-profit entities will notice adjustments to their 2021 electric rates. The changes are designed to better align rates with CFU’s cost of providing service to each type of customer. Affected customers will see an average base rate increase of less than 2%.
Prices will not change for business and residential internet and phone customers next year. CFU has continued to deliver fast, reliable and affordable internet service. Earlier this year, CFU launched speeds up to 10 gigabits per second available citywide.
CFU TV customers will see an increase of $5 or $8 per month, depending upon their service plan. TV rates must be adjusted to keep pace with the increase in fees CFU pays to network owners.
Cedar Falls rates are still among the lowest in Iowa. In 2020, a typical Cedar Falls household saved $959 on the combined price of electric, gas, water, TV and internet services, compared with the average cost in 20 peer communities in Iowa. That adds up to $12.7 million in annual community utility and broadband cost savings.
Rate changes take effect in January. For a schedule of all 2021 rates and fees, please call CFU at 319-268-5280 or visit cfu.net/terms.