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Jackson County REMC will adjust its retail metered rates based upon a pending increase in the cost of purchased electricity that is being charged by Jackson’s power supplier, Hoosier Energy, Inc.
The $1.20 per 1,000 kWh increase in the power cost adjustment stems from an upcoming January 1, 2018 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, 2018, the power cost adjustment will change from $0.007575 per kWh to $ 0.008773 per kWh, increasing a typical bill of 1,000 kWh from $125.13 to $126.33, or .96%. These rates will remain in effect through March 31, 2018.