What to expect on your July bill

Stock.Adobe.com/Martina
Stock.Adobe.com/Martina

Summer has officially begun, and it certainly brought the heat! It’s hot this time of year which means electricity usage will go up and Members bills will be higher than they were in May.

Temperatures reached 95 degrees or higher on 14 days in June and there were 4 nights where temperatures stayed above 80 degrees.

CoServ Members can expect electricity usage to be about 51 percent higher in June than in May, based on higher temperatures and Cooling Degree Days (CDD).

  May June Difference
Average temperature 77.3 84.2 6.9 degrees warmer
Cooling Degree Days 386 585 +51% more AC use
Utilities and the federal government measure the impact of weather on energy usage by calculating Cooling Degree Days (CDD) and Heating Degree Days (HDD). To calculate the CDD, take the average temperature for a day and subtract it from 65. The higher the number, the more air conditioning will be needed to keep your home comfortable. Click here for more information on calculating CDD.

But there’s good news, too. Through CoServ’s strategic purchasing strategy, the co-op paid less for wholesale electricity in June and we have passed those savings onto our Members this month by lowering the Power Cost Recovery Factor (PCRF) by 1 cent to -.005 cents.

“CoServ is committed to keeping rates as low and competitive as possible, and this month’s lower PCRF is a great example of that,” said Stephen Meers, Director of Customer Care. “CoServ Members will be paying considerably less than the average price in the deregulated electric market.”

When the PCRF is negative, it subtracts from the base rate. That means Members will pay less per kilowatt-hour than they did last month so it costs less to run that air conditioner. Click here to learn more about the PCRF.

CoServ Members on the Standard residential plan will pay 13.4 cents per kilowatt-hour for 2,000 kWh, including the $10 Customer Charge.

The average electricity rate for retail electric providers in the deregulated market was 17.1 cents per kilowatt-hour based on 12-month contracts and 2,000 kilowatt-hours of usage. Comparing the average REP bill, CoServ Members will save about $75 this month on 2,000 kWh of usage. Click here to compare CoServ’s rates to other utilities.