What to expect on your May bill
Mild weather and lower prices should contribute to savings for CoServ Members this month.
The average temperature for April was 65.3 degrees and the average high was 75.6 degrees. That means Members likely didn’t need as much heating or cooling last month and their electricity usage should be lower than April 2022. The Cooling Degree Days, a metric that uses average daily temperature to measure anticipated air condition use, dropped by 53 percent.
There were 10 days where temperatures reached 80 degrees or higher but there were also five chilly nights below 50 degrees. Overall, North Texas received 3.2 inches of rain, which is very close to normal for this time of year.
The cost per kilowatt of electricity will also be lower for your May electric bill. On March 1, CoServ assumed 100 percent control of power purchases. Our Energy Resources Team can buy power weeks, months and years ahead of time to lock in lower prices, which ends up saving our Members money.
Those savings combined with low natural gas prices allowed CoServ to reduce the Power Cost Recovery Factor (PCRF) by 7/10ths of a penny so it’s now -0.02 cents per kilowatt-hour. In other words, the PCRF now subtracts 2 pennies from the Base Rate of 12.9402.
Overall, the PCRF has dropped 2.1 cents this year, saving CoServ Members about $20 per 1,000 kWh.