Wholesale Power Cost Increase in Effect This Month
CCEC members will see a roughly 2 percent increase in bills beginning in January, a result of increased costs of wholesale power and continued compliance costs associated with coal ash regulations.
To recover those costs, CCEC is adding a wholesale power cost adjustment (WPCA) of $2.50 per 1,000 kWh of electricity. The WPCA reflects fluctuations in the wholesale cost of power the cooperative purchases for its consumers and is typically due to changes in the cost of fuels used for generating electricity
“We are a cooperative business that is owned and directed by your, the people we serve,” said CCEC CEO and General Manager Jake Joplin. “As such, we are driven by a mission of service – not profits. We want to do whatever we can to help you keep your energy costs down.”
WAYS TO MITIGATE THE IMPACTS
- Set thermostats at the lowest comfortable setting (we recommend 68 or lower in the winter).
- Sign in to the PowerPay24 online portal (https://www.carteretcraven.coop) or download the PowerPay24 app for smartphones and tablets to track your energy use and see comparisons to previous months.
- Pay as little or as much as like before your bill arrives to avoid having to pay one large amount. Our new PrePay program (carteretcravenelectric.coop/prepay) is a convenient way to do just that; you buy electricity as you need, rather than after the fact. It also helps you more closely monitor your electricity use.
- Schedule a free energy audit to find was to save energy and cut costs.
Call our office at 252.247.3107 or 1.800.682.2217 to learn more about programs and solutions that put you in control of your energy use and budget.