2024 Notice: Electric Rates and Setup Fee Changes
What's changing?
As an electric cooperative, every decision we make is driven by our responsibility to you, our Member. Our priority is to ensure that we deliver safe and reliable service to you through well maintained and managed infrastructure, keeping rates as low as possible for our Members, and maintaining transparency throughout our business.
Part of how we manage this is through continual improvement by periodically reviewing our policies, rates, and tariff.
After careful consideration and review by your board of directors, the following changes will be effective as of November 1, 2024.
- The Membership Fee will decrease from $15 to $0.
- The Connect Fee will increase from $25 to $40.
- Seasonal changes to the energy charge will be replaced with a fixed, year-round rate for the energy charge* following standard rates: Residential, Residential with Distributed Generation, Commercial, and Public Buildings (under 35 kW).
* The monthly energy charge will remain the same, however, the PCRF and SCRF will still fluctuate. To learn more about these charges, visit our Understanding Your Bill page.
Why are you making these changes?
The changes outlined above will allow us to serve you better. Below is an explanation for each change.
Membership Fee
By reducing the Membership Fee to $0, we can reduce the additional upfront expense of becoming a Member of CoServ while still ensuring that our Members have ownership in the co-op and the benefits that come with it.
For current Members with a Membership Fee on file, the Membership Fee will be refunded when their account(s) is closed.
Connect Fee
We are increasing the Connect Fee from $25 to $40, which is in line with or cheaper than most other utilities in Texas.
Every request to connect new service is a multi-level effort from customer service, billing, operations, and many other departments to fulfill each request promptly and efficiently. We have not increased our Connect Fee since 2001. Because keeping rates as low as possible for the entire Membership is a top priority for us, increasing the Connect Fee was necessary due to increased operating costs over the years.
Standard Rates
We will be removing the seasonality from rates for those on our standard Residential (including Members with Distributed Generation), Commercial, and Public Buildings (under 35 kW) rates to make it easier to understand how you are being billed.
How will these changes affect me?
- $0 Membership
For all new Members, the Membership Fee will be set to $0 which allows CoServ Members to still have ownership in the co-op and all the benefits that come with it.
For current Members with a Membership Fee on file, the Membership Fee will be refunded when their account(s) is closed and/or they move out of our service territory.
- $40 Connect fee
All new connects will be assessed a $40 Connect Fee that is due with their first bill. This includes all transfers and new service.
- No more seasonal energy charges for standard rates
For Members on our one of our standard rates including Residential (including Members with Distributed Generation), Commercial, and Public Buildings (under 35 kW) there will no longer be seasonal energy charges. Instead, Members can expect to pay the same energy charge* throughout the year.
| Rate Name | New Base Rate |
|---|---|
| Standard Rate (Residential) | $0.127400 per kWh |
| Commercial Rate (under 35 kW) | $0.136943 per kWh |
| Public Building Rates (under 35 kW) | $0.121970 per kWh | * The monthly energy charge will remain the same, however, the PCRF and SCRF will still fluctuate. To learn more about these charges, visit our Understanding Your Bill page. |
When will these changes take effect?
Your Board of Directors reviewed and approved these changes during the August 2024 board meeting, and they will be effective as of November 1, 2024.
For any questions or inquiries please email [email protected] or call us at 940-321-7800 Monday through Friday, 8 a.m. to 5 p.m.