Electric Billing Rates
|Billed Rates||Approved Rate & Description|
|R-1, R-2||R (Residential farm and service)|
|TOU-1P, TOU-2P||TOU (Residential & Farm Service Time Of Use)|
|SC-1, SC-2||SC (Small Commercial Power)|
|SC3P-1, SC3P-2||SC3P (Three-Phase Small Commercial Service Rate)|
|LCP-1, LCP-2, LCP-3||LCP (Large Commercial Power)|
|IPS-D1, IPS-D2, IPS-l1||IPS (Industrial Power Service)|
|SLE||SL-E (Security Lighting)|
|Tracker||Electric Power Cost Tracker|
Power Cost Tracker - Rate Adjustment
|Appendix "B"||Non-Recurring Charges|
|R-1DG Rider||Member Generated Power Rider|
Basic Service Charge and Power Cost Tracker Description
The $22.50 Basic Service Charge covers a portion of the expenses for poles, wire, transformers, and other operating/maintenance expenses. A 2015 rate study indicated that the actual monthly Basic Service cost is approximately $43 per metered service. Basic Service costs are incurred for each service regardless of whether any kilowatts are consumed (These are costs incurred just to have power available). The kilowatt charges cover the REMC's cost to purchase the electricity and the remaining portion of the general operating expenses. The Power Cost Tracker is a charge to recover wholesale purchase power cost changes due to environmental expenses, coal cost adjustments, and power purchases on the open power market. The Power Cost Tracker fluctuates up and down, or tracks changes in the wholesale power cost components.
The REMC is a member-owned not-for-profit organization. Rates are designed to only recover the "revenue requirements" that the REMC needs to operate and maintain our system and provide safe, reliable and competitively priced electricity to REMC members.