Current PEC Rates - Pedernales Electric Cooperative

PEC CURRENT RATES AND FEES
Brenda Snider
Rates and Special Projects Manager
02.2015
PEC Rates
Rate Policy available on
PEC website:
www.pec.coop/policies
PEC Rate Policy
PURPOSE:
To set forth policy relating to the development and implementation of electric rates that
matches the strategic objectives of the Pedernales Electric Cooperative, Inc.
POLICY:
1. Commitment to Rate Design
a. It is the policy of the Board of Directors of Pedernales Electric Cooperative to develop
electric rates that allow the Cooperative to provide low-cost energy services that are
reliable, cost based, considerate of the environment and maintain the Cooperative’s
financial strength.
2. Basic Fundamentals
a. The Cooperative will prepare revenue requirements and cost-of-service studies as
required to have information needed to develop rates.
b. Rates will be developed and implemented that:
i. Allocate cost across rate classes in an equitable manner
ii. Minimize subsidies between classes. (Exceptions may occur due to a specific
strategic initiative such as providing a low-income rate.)
iii. Phase out subsidies within a class
iv. Generate margins adequate to meet annual lender requirements and long-term
financial objectives as per the Cooperative’s equity management plan
v. Coordinate local distribution rates with the rates of the Cooperative’s power
suppliers
PEC Rate Policy (continued)
3. Environmental Commitment
a. Develop and implement rates that encourage energy conservation and efficiency
b. Promote the use of renewable resources
c. Develop effective demand-side management programs
4. Technology
a. Invest in technologies that:
i. Allow the Cooperative to communicate to members the Cooperative’s current cost
of energy
ii. Implement demand-side management programs
iii. Enhance member service and reliability
5. Monitoring
Management should be held accountable for implementing rates as approved by the
Board of Directors and routinely report to the Board as to the need to adjust rates to
account for changes in cost of strategic initiatives.
PEC Rates
Revenue Classes
• Revenue Classes are used to aggregate users with similar usage patterns
• PEC’ s Current Revenue Classes:
• Residential
• Small Power: Commercial members with demand less than 75kW
• Large Power Secondary: Commercial members with demand of 75 –
10,000kW receiving power at secondary voltage less than 6kV
• Large Power Primary: High voltage deliveries at 6kV or higher where
member has paid for transformation facilities
• Industrial Power: Commercial/Industrial members with firm demand of
10,000kW or more
PEC’s Residential Rate Structure
•
Standard Residential Rate
• Service Availability Charge
$22.50 per month
• Delivery Charge
$.02712 per kWh
•
Residential Renewable Rate
• Same as Standard Residential
Rate with $.005 per kWh
renewable factor
•
Residential Interconnect Rate
• Same as Standard Residential
Rate with Net Metering
• Avoided Cost Credit
$.05826 per kWh
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Base Power Cost
$.07208 per kWh
Power Cost Adjustment
$.001 per kWh
PEC December Rate Reduction
Fees
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Membership Fee
$ 50.00
Assessed to establish membership in the Cooperative, which is required for service.
Establishment Fee
$ 75.00
Assessed for connecting service and/or transferring account information.
System Impact Fee
$200.00
Assessed for extending service to a new location.
Same day service
$250.00
Assessed if service is available at a location and a request for same day connection
is made on Monday through Friday or on Saturdays or Sundays. Also assessed prior
to reconnection in the event any service reconnections after non-payment are
performed after normal business hours on Monday through Friday or on
Saturdays or Sundays.
Advanced Meter Opt Out – Meter Exchange
$ 75.00
Assessed for any meter exchange at any service location already equipped with an
advanced meter. For members participating in the Advanced Metering Opt Out Program.
Advanced Meter Opt Out – Meter Readings
$ 30.00/mo plus $1/mile
For non-standard manual meter readings by the Cooperative and for processing of such
readings for each service location. For members participating in the Advanced Metering
Opt Out Program
Meter Tampering
$500.00
Assessed when meter tampering occurs, plus estimated energy consumed.
Late Payment Fee
$ 20.00
Assessed when accounts are not paid by the due date.
Fees (continued)
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Collection Fee
Assessed if the Cooperative dispatches a service representative to collect a
delinquent bill.
Reconnect Fee
Assessed for reconnection after non-payment.
Return Check/Denied Check or Credit Card
Assessed if checks bounce or credit/debit cards are denied.
Open Records Fee
Assessed for staff research efforts for open records requests; does not include
charges per page for any pages in excess of 10 pages.
$ 75.00
$100.00
$ 30.00
$ 40.00/hour
Other Items Under Review
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Line Extension Policy
PEC’s line extension policy (used when a line is built to a location without existing electric facilities)
calls for a fee of $200 for extending service to a new location. PEC also estimates the total cost of all
construction for building lines. There is no charge to the member for the first $2,000, but the member
pays any additional amount for the line extension related to clearing land plus engineering and
constructing the new line.
Deposits
PEC requires a $150 refundable deposit for each new residential account and a $300 refundable
deposit for each new commercial account. A deposit will accrue interest and is credited to the
account after 12 months of satisfactory payment history or when the account is closed.
Interconnection Policy
Governs interconnected service with PEC. Interconnected service uses net metering, which routes
power through a single meter that measures the PEC-delivered electricity a member receives and
subtracts the amount of electricity exported by the member’s equipment. This saves members the
expense of purchasing an additional meter and allows members to receive a credit for any surplus
electricity generated by their equipment. Surplus electricity above what an interconnected member
consumes during their billing period is credited to the member at PEC’s avoided cost, which is the fuel
cost, with no capacity component.
Tariff Manual
Available online at www.pec.coop
Where to Find PEC Rate Information
• Rate summary sheets available
on back table
• Link to rates Information on PEC
website: www.pec.coop/rates