The energy crisis that the world experienced this past summer created an unprecedented situation that resulted in higher bills electricity costs for everyone. CoServ Members who were Budget Billing are just now feeling those effects on their bills this November. 

In September of this year, your board voted to adopt a Financing Order authorizing securitization. The securitization financing will allow CoServ to spread the extraordinary costs and expenses from Uri over a period of 25 years to keep your monthly bills lower than they would be absent the securitization financing.

This year, CoServ celebrated its 85th anniversary so we are taking a look back at the record-breaking growth, milestones and the many ways we are powering community.

We listened to your feedback and will be rolling out a brand-new bill in 2023! 

As mentioned above, when energy prices are high, those costs are passed through to our Members. But the same is also true when prices drop – those savings are immediately passed through to Members. 

Scammers are targeting both commercial and residential Members but businesses are especially vulnerable because it’s so easy to find their phone number online, said Brianna McBride, Training and Process Implementation Supervisor for CoServ Customer Care. 

CoServ Members are having sticker shock when they open their electric bills and for good reason – the summer heat was one for the books and the cost per kilowatt-hour peaked at some of the highest prices it’s ever been thanks to the steep increase in wholesale power costs.

This year, as summer energy prices and consumer inflation soar, all Texans should expect to pay more per kilowatt-hour for electricity this summer.

CoServ employs the latest technology to empower our Members to take control of their energy usage. By utilizing their online account through SmartHub or the CoServ App, Members can track electricity consumption, compare it to past billing periods, analyze usage on a particular day of the week and break it down into 15-minute increments.

Average April temperatures were about 5 degrees warmer than the same month last year, including two days where highs reached 90 degrees or higher.