Summer Savings Rate

CoServ’s new Summer Savings Rate is perfect for Members who can shift electricity usage away from the hottest part of the day during the summer.

Run appliances, charge your electric vehicle and cool your house at a significantly lower rate that will be in place from 8:01 p.m. to 2:59 p.m. daily from May through October. From 3 p.m. to 8 p.m., the rate goes up to reflect the peak time at the hottest part of the day.  

Summer Rate (May–October)
$0.214317 minus the PCRF per On-Peak kWh (3–8 p.m.)
$0.090705 minus the PCRF per Off-Peak kWh

Winter Rate (November–April)
$0.126526 minus the PCRF per kWh

Additional Information

Determination of On-Peak/Off-Peak kWh: The On-Peak hours upon which the On-Peak Energy Charge is based shall be the hours from 3:00 p.m., CT, through 8:00 p.m., CT, during the months of May through October. All other hours during the months of May through October shall be classified as Off-Peak hours.

Rates are subject to all applicable billing adjustments. For more information on the Summer Savings rate, view Section 202.21 of the Tariff.

PCRF: A Power Cost Recovery Factor (PCRF) allows CoServ to adjust for changes in wholesale energy costs. Because wholesale costs can fluctuate from month to month, CoServ uses the PCRF to more accurately calculate your bill. When our wholesale power costs go up, the PCRF increases, and vice versa. If the PCRF is a negative (as it has been since May 2009), we subtract it from the base rate to calculate your bill. We do not markup our wholesale energy costs for profit. For details, see Section 203.1 of the tariff. 

To enroll, login to SmartHub to submit your rate change request. For SmartHub enrollment assistance, email contact@coserv.com.

Related articles: 

• Change Your Rate Program
• How to Read Your Bill