Message to members: Wholesale Power Cost Adjustment
Your Cooperative has always strived to avoid any increase in electric power cost. The last rate change occurred in 2008. Since that time we have experienced a steady increase in wholesale power costs. In 2009, the Cooperative enacted a wholesale power cost adjustment clause to our rate schedule. We have not needed to use it until now. The adjustment clause uses 0.07¢ per kWh as a base. Any increase in wholesale power costs above 0.07¢, using a 12 month running average, may be passed along to the member. This month our 12 month average wholesale power cost was 0.07352¢, which means we should pass through to the member an increase close to .0035¢ per kWh. Using this average, your cost of electricity will increase from .093¢ per kWh to .0965¢ per kWh beginning with your next electric bill. This pass through cost will change from month to month depending on price changes passed along to us from Santee Cooper.
In fairness to Santee Cooper, all of the increases are due to environmental costs imposed by the EPA and the rising cost of coal delivered to South Carolina.
Electric Cooperative Youth Tour
Congratulations to our 2012 Electric Cooperative Youth Tour winners, Blake Ward and Gabrielle "Gabby" Zito. Click here to read more about the tour and this years winners!