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 plus/minus the PCRF per On-Peak kWh (3–8 p.m.)
$0.090705 plus/minus the PCRF per Off-Peak kWh
Winter Rate (November–April)
$0.126526 plus/minus the PCRF per kWh
| Customer Charge | $10.00 per meter | ||
| March 2023 (November–April) | |||
| On-Peak base rate per kWh | $0.126526 | ||
| PLUS/MINUS the PCRF | – | $0.0140 | |
| PLUS the SCRF | + | $0.0057 | |
| = | $0.118226 per kWh | ||
| February 2023 (November–April) | |||
| On-Peak base rate per kWh | $0.126526 | ||
| PLUS/MINUS the PCRF | – | $0.0030 | |
| PLUS the SCRF | + | $0.0057 | |
| = | $0.129226 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.
To enroll, log in to SmartHub to submit your rate change request. For SmartHub enrollment assistance, email contact@coserv.com.
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 calculate your bill. When our wholesale power costs go up, the PCRF increases, and vice versa. The PCRF is either subtracted or added to the base rate to calculate your bill. We do not markup our wholesale energy costs for profit. For additional details, see Section 203.1 of the tariff.
SCRF: The Securitized Charges Recovery Factor (SCRF) is used to calculate amounts that CoServ must recover from Customers to repay and administer the securitized bonds issued by CoServ under Texas Senate Bill 1580. The proceeds of these bonds were used to pay qualified costs and expenses relating to Winter Storm Uri in February 2021. At least every six months, the amount that is charged on a per kWh basis will be reviewed, and adjusted as needed, to ensure CoServ is collecting the appropriate amounts. For additional details, see Section 203.2 of the tariff. Visit CoServ.com/Brazos for more information.
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