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Headquarters
877-876-3511
Altenburg
Ste. Gen Service
Perryville Office
Perryville Service |
Rates & InformationAs a not-for-profit corporation Citizens Electric charges members at rates that will recover the cost to supply electricity, maintain electric equipment and lines plus a small percentage for operating expenses. Any revenues that exceed operating expenses are placed into capital credit accounts for members and refunded at the board’s discretion based on the co-op’s financial condition. Rates are determined based on the rate schedule for each class of service. Charges consist of the monthly Customer Charge, energy charge(kWh), demand charge (when applicable), outdoor lighting (when applicable), purchase power cost adjustment (PPCA), late fees and taxes. The Customer Charge - The minimum monthly amount that your account is billed, regardless of usage. This charge is the minimum amount that it costs the corporation to have electric facilities available to serve you and to maintain your account. Energy Charge - Energy is charged by kilowatt-hours (kWh), a measurement for electricity that is equal to using a 100-watt bulb for 10 hours. Demand Charge - Some commercial and industrial members are billed a coincident and/or non-coincident demand charge. Demand is measured in kilowatts (kW), a unit of electrical power equal to 1,000 watts or 1.341 horsepower. A Purchased Power Cost Adjustment (PPCA) could be assessed on a quarterly basis as either a debit or credit depending on fluctuations in the cost of electric supply. Late Fee - A charge that is assessed at a rate of 1.5% of any unpaid balance. Taxes - CEC is required to collect taxes for the local and state governments. These also include gross receipts and franchise taxes. Capital Credits - As an owner, excess revenues are credited back to your "capital credits" account annually. Each year, the Board of Directors determines when some portion of your capital credits may be refunded while ensuring the co-op's financial health. To find out more about your capital credits account, contact us. Rate 1 - Residential & Religious Rates 3 - General Service/Single Phase Rates 7 - General Service/Three Phase Rate 5 - Large Power Service Yard Lights
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