Rising Power Costs Impact Electric Bills
Joe Denoyer - October 14, 2021 4:08 pm
TCEC explains charges on your bill
Several factors have recently influenced the amount you pay for electricity. The average temperature in September was seven degrees higher than the same time last year. Therefore, many people used more electricity for cooling than is usual for fall months. The cooperative’s power supply costs have also increased along with the roughly 200% increase in natural gas prices compared to last year. The change in energy costs caused the amount charged per kilowatt-hour (kWh) for the power cost adjustment line item on electric bills to increase to $0.025 per kWh.
Several line items reflect power costs on your electric bill. They are:
- Service availability charge
- A fixed fee that recovers a portion of the infrastructure costs required to deliver power.
- Energy charge
- A charge billed at a fixed rate per kWh based on the amount of electricity you use.
- Power cost adjustment
- Also based on the amount of electricity used, this charge is variable based on generation and transmission expenses.
- Feb 2021 Weather Event Rider
- A 10-year rate rider billed at $.003 per kWh used to recoup costs from Winter Storm Uri.
If you would like to learn more about factors influencing your electric bill, you can visit https://tcec.coop/bill.