While Central Electric's rates remained the same from 2019 to 2022, the cost of delivering reliable energy increased substantially. Equipment and material prices, among other expenses, prompted the need for a rate adjustment in 2023. Click here to view the billing insert sent to members.
Changes to your bill include a $2 facility charge adjustment and a $2 electric heat submeter charge, if applicable. The facility charge helps recover the cooperative’s operating expenses, including power lines, transformers, maintenance, equipment, and customer service activities. The submeter charge helps recoup the costs to purchase, operate, and maintain the submeters.
Residential and farm members using more than 1,200 kilowatt hours per month will be billed $0.082 on usage above that threshold, representing an increase of $0.003. The impact of the adjustments on individual bills will vary for each member.
How much will the rate adjustment affect my monthly statement?
It depends on how much electricity you use. Residential and farm members on the general service rate using 1,200 kilowatt hours (kWh) or less per month will only incur a $2 facility charge adjustment and a $2 electric heat submeter fee, if applicable. The facility charge helps recover the cooperative’s operating expenses, including power lines, transformers, maintenance, equipment, and customer service activities. The submeter fee helps recoup the costs to purchase, operate, and maintain the submeters.
Residential and farm members using more than 1,200 kWh per month will be billed $0.082 on usage above that threshold, representing an increase of $0.003. Members on the general service farm/residential rate using 2,000 kWh per month will see their bill increase by approximately $4.40. The impact to each member's monthly statement will vary.
Tools are available in the SmartHub app to help manage energy usage throughout the month. Please contact us with billing questions at 1-800-477-2892 or 1-605-996-7516.