As part of our ongoing commitment to reliable and affordable electricity, your cooperative is adjust...

As part of our ongoing commitment to reliable and affordable electricity, your cooperative is adjusting rates in November, and most members will not notice a change on their billing statement.

The co-op is providing members with a $4 decrease in the Power Cost Adjustment (or PCA, which is based on wholesale generation cost) to offset a combined $4 increase in the Energy Charge (which recovers costs related to service, utility operation and maintenance, debt service, and other expenses) and Access Charge (costs associated with delivering a member electricity). This means bills for members who use the industry residential average of 1,000 kWh per month won't be impacted by the change.

"It's important for our members to continue to have predictable energy costs, and while prices associated with providing members safe and reliable energy continue to fluctuate, we'll keep doing all we can to ensure affordable electricity - this is proof of that," said Chief Public Relations Officer Derick Thomas.

Reasons for the change include an increase in the costs of material and equipment due to inflation, but your cooperative is able to combat that with a PCA as our electricity supplier, Seminole Electric Cooperative, continues to purchase fuel at the lowest possible price.