Rate Increase May 2017
Rate Increase as of May 2017
At Clark County REMC, we work diligently to do everything we can to minimize increases in our distribution rates. In the past 30 years, the amount of residential electricity used by appliances and electronics has nearly doubled. More homes than ever have major appliances and central air conditioning as well as multiple computers and televisions.
You may recall in May 2016 that your REMC conducted a cost of service study. This study helped us to identify the costs associated with maintaining the quality, reliability and integrity of the services we provide. While virtually all aspects of today’s cost of living continue to rise, Clark County REMC prides itself on avoiding routine price adjustments. We believe that reliable electric service at a reasonable price is something our members should be able to count on.
Even with our continuing efforts to prevent a change in your electric rates, it is necessary for us to implement a minimal rate increase. This distribution, or retail, rate increase takes into account all the cost pressures the REMC has experienced in its operations since the last cost of service study was performed in 2008. Distribution rate changes refer to changes affecting the revenues needed by the REMC for the costs associated with delivering service to you.
Beginning May 1, the rates residential members pay for electric service will increase by approximately 3.28% for 1,000 kWhs.
The graph to the right represents an estimated bill for April (today’s rates) and May (new rates). If you would like a personal review of how the new rate will affect your family, please call our office and we would be happy to help.
Clark County REMC works hard to keep your electricity safe, reliable, and affordable. We want to do everything we can to minimize the effects of this increase on you and your family. REMC works closely with community action agencies and township trustees to obtain assistance for our members having difficulty paying their electric bills.
We also want to remind you that we have multiple payment options available:
- Budget billing can help equalize your monthly bill by averaging the previous 12 months electric usage with the current month. You can begin or end the budget billing program at any time by calling our office.
- Prepaid Electric Service allows members to pay in advance for their electricity. Purchasing electricity before you use it allows you to control your budget and pay how much you want, when you want. Prepaid Electric Service is completely voluntary and is offered to both existing members and new members connecting service.
Keep in mind that we also offer rebates and incentives for energy efficient home solutions. Visit our online store to save 75% off of LED lightbulbs (www.theremc.com/lightbulbs to order). Installing a hybrid water heater can save a family of four more than $400 per year and our prices are hundreds less than any competitor. We also offer incentives for installing energy efficient heating and cooling systems. Call our office for more details, and for even more valuable, cost-saving solutions.
The bottom line is we really don’t like introducing a rate increase of any kind, and we have kept this one as low as possible. We are committed to providing the highest level of service at the lowest possible cost. If you have any questions or concerns, we encourage you to contact our office. Thanks again for your understanding and support. We look forward to serving your needs for a very, very long time.
How will your bill change?
Take a look at your current bill. In the middle of your bill in the green box you will find kWh Used. (see below)
Take the kWh Used from your bill to compare in the graph below to see how much of an increase you may see on your May 2017 bill statement: