Electric rates have been increased just eight times in the past 26 years. Unfortunately, seven of those eight increases have come since 1999 as prices to produce and buy electricity have risen significantly.
|Seventy-three percent of an average electric bill reflects the actual cost of the energy you use. We resell electricity for what it costs us to produce it or buy it, with no price mark-up. The rest of your bill covers the cost of delivering electricity to your home over our power lines, electric system maintenance and improvements, general administration and overhead, metering, taxes, conservation expenses and other items.
Residential electric rates are 8.16 cents per kilowatt-hour.
A kilowatt-hour equals 1,000 watts of electricity used for an hour. For example, you use a kilowatt-hour when you burn one 100-watt light bulb for 10 hours or a 1,000-watt heater for one hour.
There is also a monthly customer charge of $12. The basic charge is intended to collect some of the costs of providing service, regardless of whether any electricity used. Such costs include meter reading, billing and the fixed facilities that are in place, including the meter, power lines and transformers.
Rates effective November 1, 2011