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Slight decrease in retail rates for the 1st quarter 2017

01/01/2017

Slight decrease in retail rates for the 1st quarter 2017

 

Jackson County REMC will adjust its retail metered rates based upon a pending decrease in the cost of purchased electricity that is being charged by Jackson’s power supplier, Hoosier Energy, Inc.

The $0.06 per 1,000 kWh decrease in the power cost adjustment stems from an upcoming January 1, 2017 quarterly adjustment in Hoosier’s power cost tracker due to the varying costs for energy fuels, market power purchases, and other highly fluctuating expenses. 

Effective January 1, 2017, the power cost adjustment will change from $0.008383 per kWh to $0.008330 per kWh, decreasing a typical bill of 1,000 kWh from $125.94 to $125.88, or .05%.  These rates will remain in effect through March 30, 2017. 

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