One of the best parts of managing an electric cooperative is the ability, indeed the responsibility, to focus on providing the best possible service at the least possible cost. Costs of everything we use to operate, maintain and repair our system have seen substantial increases. Couple these with a loss of sales from our commercial and industrial members, one of those being the Aqua Glass plant in Adamsville, and we find it necessary to increase our rates.
Effective October 1, 2015, we will increase the monthly residential customer charge to $21.90 and the energy charge by 0.1 cent per kilowatt hour. Your power bill has two components, a fixed component (customer charge) and a variable component (energy charge). The intent of the customer charge is to cover the costs we incur to build and maintain the system that carries the electricity to your home or place of business. Even if we never move a single kilowatt hour over the wires, we still face these expenses in keeping the facilities in place to carry that energy. Adjustments are also being made to the non-residential rate classes.
TVA will also implement a change in our wholesale rates on October 1, to result in about a 1.5 % retail rate increase.
What does this mean for our members? The two changes combined will result in a 3.9 % increase in PEC’s retail revenue. The new rate schedule will be posted on our website on October 1.
PEC members are encouraged to visit www.energyright.com and participate in the eScore self audit that will help them find ways to save energy and money.
We appreciate your patience and understanding as we continue to experience the many changes ahead of us.