LaGrange County REMC introduces new rate design
It is the vision of LaGrange County REMC to provide quality service at a fair price.
We’re continuously planning for the cooperative’s future, whether it’s looking at short-range goals or strategic planning that will impact the co-op a decade from now, if not beyond. We’re always looking for ways to improve our distribution system to provide greater system reliability for you, our member.
As our management team and board review these plans, financial forecasts are developed. It is a very thorough process, and rest assured, we want to provide you with the best energy value in our area.
After careful consideration, our board of directors recently adopted a new rate design to better meet your needs as members, as well as the cooperative as a whole.
Going into effect in October 2019, these changes will make the cost of service more equitable between the different rate classes of members – whether residential, agricultural or commercial – and will better manage costs that are incurred regardless of the amount of electricity used.
The new rate design will affect each member class differently.
Residential members will see an increase in their service charge, but a lower overall cost for each kilowatt-hour of use, balancing their bill to a minimal change.
Here is a residential bill comparison, before taxes, to help you estimate how the new rate design will be reflected on your bill:
|
Kilowatt-hours/month |
Previous Rate |
New Rate |
Change |
|
250 |
$61.40 |
$59.85 |
-$1.55 |
|
500 |
$84.99 |
$84.70 |
-$0.30 |
|
1,000 |
$132.34 |
$134.58 |
$2.24 |
|
2,000 |
$227.02 |
$233.80 |
$6.78 |
|
3,000 |
$321.70 |
$333.20 |
$11.50 |
For small commercial members, they will see the new rate design in their capacity charge, as it will shift from being based on kilowatt-hours to kilowatts.
The new rate design will also affect our irrigation members, but not until the 2020 season. We will be working with those members later this year to align their rate.
The new rate design reaches a lot of our members, but in minor ways. Whether you’re a prepaid member, hooked up at a campground lot or run your business in one of our commercial designations, you will see a difference on your bill.
To see the details of the new rate design for your situation, click on the corresponding link below:
Prepaid (whether residential or campground)
If you still have questions about the process behind the new design or simply want to know more about the rate change, read this list of Frequently Asked Questions for more information.
As always, you’re encouraged to call our office at 877-463-7165 with any additional questions or inquiries.
LaGrange County REMC’s ultimate goal is to provide you with affordable and reliable electricity, and as those two components go hand-in-hand, each affecting the other, we will continue to strive to balance them to your benefit.