What to expect on your May bill
April will be best remembered for rainfall, with nearly 6.5 inches of rain recorded in North Texas, twice the normal amount for the month.
With the rain came cooler temperatures, including five nights where the temperature reached 50 degrees or lower. But April also had its share of spring heat waves, too, with 14 days where temperatures reached 80 degrees or higher.
As a shoulder month sandwiched between the cold of winter and the heat of summer, there were times when Members ran their heater and then switched to their air conditioner, maybe on the same day!
April 2024 required more than twice the amount of air conditioning than the same period a year ago, so CoServ Members should expect their electric usage to be higher. This is based on the Cooling Degree Days (CDD) calculation, which measures the average temperature for a day and subtracts 65 degrees. The higher the average temperature goes above 65 degrees, the more air conditioning will be needed.
The Heating Degree Days (HDD), calculated by measuring how much the temperature deviates below 65 degrees, declined by 35 percent compared to the same month last year. Visit our Degree Days page to learn more.
Members with electric or natural gas heat will benefit from a drop in heater usage compared to March. But the air conditioner will likely make up for that.
It’s also important to note the role CoServ’s Energy Resources Team plays in keeping electricity and natural gas rates competitive.
The Power Cost Recovery Factor (PCRF) will remain the same for the third month in a row. This is due to CoServ’s strategy to buy power in advance when prices are lower, which keeps the cost per kilowatt-hour steady and competitive. The PCRF is used to account for fluctuations in wholesale power prices.
CoServ’s natural gas rate also dropped by more than 7 cents per hundred cubic foot of gas, offering a reduction to Customers who did run their natural gas heaters in April.
