Rate Adjustment Protects Service, Reliability
As a reminder, the rate adjustment for all residential and general service members will be implemented beginning July 1. Members will see the new rate on the bill generated in early August (for energy used between July 1 and July 31).
For an average member using 1,320 kilowatt-hours per month, the adjustment equals about 3.5 percent of monthly electric cost (or approximately $6).The rate adjustment is based on the cost of purchased power and investments in the cooperative’s electric distribution system.
We take great pride in providing members with exceptional service, reliability, and safety. However, investments made in the people, technology, and infrastructure to provide this service comes at a cost. While we do our best to control costs, we must also find a balance that ensures great service.
To break down the change, about half of the adjustment comes in the form of generation and transmission cost (from Buckeye Power). The remaining portion is assessed through your local service charge, which covers the expense of delivering a reliable flow of power from our substation to your meter.
To notify and prepare members for this change, information about the adjustment was shared at the co-op’s annual meeting in April, is available here on our website, and has been printed in previous editions of the co-op's local pages of Ohio Cooperative Living.
For assistance or any questions regarding this adjustment, please don’t hesitate to contact us.