Board approves new rates
A recent cost-of-service study, conducted for ECE by an independent consulting firm, determined that an adjustment to the rate structure was needed to ensure the financial stability of the co-op. The ECE Board of Directors approved the adjustment, and it reflects a less than one percent increase in total revenue when applied to all ECE rate classes: residential, seasonal, commercial and industrial.
ECE’s last overall rate adjustment was in 2015. A power cost adjustment (PCA) was added in 2016, when the cooperative needed to recover wholesale power costs not included in the rates set in 2015. Rates have been stable since the implementation of the PCA in 2016.
For residential members, the new cost of basic service will be $30.25, an increase of $1.50 per month effective for bills due in April. At the same time, the PCA charge will be reduced to zero. The residential energy rates (kWh) will stay the same.
“If you are a residential member using more than 750 kWh per month, without
load management, you should not see an increase in your monthly bill,” said President/CEO Steve Shurts. “The electric industry is changing. We are in an environment where the costs of providing electric service are increasing at a faster pace than energy sales. Most of our costs for delivering safe, reliable electricity are fixed; they exist no matter how much energy we sell.”
Meter charge increases for load management programs
ECE’s recent cost-of-service study also revealed the need for an increase to the meter charge for members whose space heating, cooling and water heating systems are controlled under the co-op’s load management programs.
We’re here to help
You have access to resources that can help keep your monthly bills manageable. The co-op’s Budget Billing program takes the bumps out by averaging energy cost based on your previous 12 months of consumption. Our energy experts are available to discuss load management and help you determine energy solutions that work for you. Rebates and incentives are available to help with the cost of energy-efficient equipment.