In an effort to alleviate economic pressures in the Norton Sound region, the Norton Sound Economic Development Corporation (NSEDC) is issuing a $575 energy subsidy for 2024. Residents can expect a credit on their upcoming utility billing cycle, an initiative designed to ease the financial burdens faced by the local communities.
The energy credit has been issued every year since 2015 to help subsidize the cost of electricity. According to the U.S. Energy Information Administration, Alaskans pay 54% more than the US average for electricity. That number, for residents of the Norton Sound area, is even greater depending on where you live.
Community Benefits Director at NSEDC, Paul Ivanoff, is hopeful that the subsidy will help residents look ahead to the spring.
“After a long winter, high fuel prices, and high cost of living out here in rural Alaska I think the $575 energy subsidy in the spring is really important for a lot of people.” Ivanoff said. He added that the credit may help residents focus on getting out to do subsistence activities, rather than on their electricity bill.
The credits will be distributed to all eligible households in its 15 member communities. Ivanoff thanked the NSEDC Board of Directors for continuing to provide the credit for the ninth-straight year.
“I know it’s very appreciated for the entire region.” Ivanoff said.
Residents are advised to check their next billing statement from their local energy provider for the credit. City of Nome Mayor and Chief Operations Officer of the Nome Joint Utility System (NJUS) John Handeland provided an update at a city council meeting held on April 8. Handeland expects the credits to be posted for NJUS customers by May 18.
