Midwest Electric (a Touchstone Cooperative)
rates will go up some time later this year, for the first time since 2010.
Currently:
"Our residential electric rate is $0.0828 per kilowatt hour (kWh) plus the monthly Power Cost Adjustment. Included in your rate is a $35 per month Service Charge to help pay for fixed costs such as the poles, wires, meter, transformer, generating capacity and other items needed to ensure that electric service is available when you need it. The Power Cost Adjustment fluctuates monthly based on our generating fuel cost and our power supply demand cost. The Power Cost Adjustment amount is listed each month near the upper right corner of your electric bill.
The total average is typically around $0.10 per kWh plus the $35 service charge.
So let’s combine all that and calculate an example bill. Let’s say you used 1,300 kWh and the current month’s Power Cost Adjustment is $0.015. Here is your total due:
1,300 kWh x $0.0828 = $107.64
+
1,300 kWh x $0.015 = $19.50
+
$35 monthly service charge
= $162.14
Remember, the $35 is included in your bill regardless of how much electricity is used – even if no electricity is used. On a distribution electric system, fixed costs are incurred by the utility regardless of how much electricity a member uses.
We also offer an off-peak rate for members who use electricity as the primary energy source for their home heating needs. This rate is roughly a 10-15% reduction from our standard residential rate. Call for details."
www.midwestrec.com
and since it's a Co-op, after so many years (I forget the number off my head) you get an annual "dividend payment" subtracted from your December bill. it usually just covers ours. but hey, Free month of electricity!
