EXTREME WINTER EMERGENCY UPDATE: The CoServ Electric Board decided to keep the PCRF, set on Feb. 1, the same as it was before the extreme winter weather last week. This guarantees that our Members will not be severely impacted by the high wholesale prices that other electric providers faced during this time. The PCRF has been in place to consistently help spread anticipated higher costs over a longer period of time to benefit our Members.
Additionally, we will not be charging late fees and will suspend disconnections for nonpayment for the next 30 days.
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 p.m. through 8 p.m. for the months of May through October, and from 6 a.m. through 8 a.m. and from 3 p.m. through 8 p.m. for the months of November through April. All other hours shall be classified as Off-Peak hours.
| Customer Charge | $12.00 per meter | ||
| Energy Charge | |||
| February 2021 | |||
| On-peak kWh | $0.184089 | ||
| MINUS the PCRF | – | $0.0370 | |
| = | $0.147089 per kWh | ||
| Off-peak kWh | $0.090705 | ||
| MINUS the PCRF | – | $0.0370 | |
| = | $0.053705 per kWh | ||
| Energy Charge | |||
| January 2021 | |||
| On-peak kWh | $0.184089 | ||
| MINUS the PCRF | – | $0.0390 | |
| = | $0.145089 per kWh | ||
| Off-peak kWh | $0.090705 | ||
| MINUS the PCRF | – | $0.0390 | |
| = | $0.051705 per kWh | ||
Additional Information
PCRF: A Power Cost Recovery Factor (PCRF) allows CoServ to adjust for changes in wholesale fuel 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 up our wholesale costs for profit.
Rates are subject to all applicable billing adjustments. Each bill will be adjusted on a kilowatt-hour basis per Rate Schedule 203.1 for any variation in fuel and purchased power costs.
Rate classification and assignment is made by CoServ Electric in accordance with the availability and type of service provisions in its rate schedules. Rate schedules have been developed for the standard types of service provided by CoServ Electric.
If a Member's request for electric service involves unusual circumstances, usage or load characteristics not regularly encountered by CoServ Electric, a suitable rate classification may be assigned, or a special contract may be entered into. Special contracts shall be filed with the regulatory authority having jurisdiction.
For more information on Time-of-use rates, view Section 202.11 of the Tariff.
To enroll, login to SmartHub to submit your rate change request or email contact@coserv.com for SmartHub enrollment assistance.
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