2016 Rate Increase
2016 Electricity Rate Increase
Frequently Asked Questions (FAQ's)
How much will my bill increase?
When was the last rate increase?
Who determines when a rate increase is necessary and by how much?
Why is the rate increase higher than normal?
Will the new rates change my dual fuel and electric heat rates?
Will the new rates change the cost of my security light?
Why were some of the rate structures also changed?
What is the effective date of the new rates and when will I see this refl ected on my bill?
Will commercial rates increase or is this applicable only to residential rates?
Each year capital credits are returned to members. Can Capital Electric keep those funds instead of increasing rates?
What is Capital Electric doing to keep costs down?
• We are implementing beneficial technology, such as our outage management system and advanced metering infrastructure, to help control costs, provide additional efficiencies and increase reliability;
• We are competitively bidding contractors and materials to ensure quality service at the best possible price; and
• We are performing an ongoing evaluation of our day-to-day operations for opportunities to improve and gain efficiencies. As previously mentioned, Capital Electric consistently ranks in the lowest 5 percent of more than 800 electric cooperatives in controllable costs per-consumer.
I understand that Capital Electric has a program to help those in need in the community. Are my rates being increased to support this program?
Are copies of the rate schedule available?
What can be done to reduce my electricity costs and can Capital Electric provide assistance in this area?
• Members are encouraged to investigate residential heating options, which may off er savings to consumers presently heating with less-efficient technology. Our off -peak electric heating rate of 4.2 cents per kilowatthour is equal to 99-cent propane, assuming a 90-percent efficiency rating, and doesn’t have a history of volatile pricing that is inherent with natural gas and propane.
• The Capital Electric load controlled water heater program provides up to a $5 credit per month.
• Members who participate in Capital Electric’s prepaid billing program average 12-percent reductions in their monthly usage.
• Capital Electric off ers a home weatherization and high efficiency air conditioner and electric heating system loan program.
• Visit our website at www.capitalelec.com for more helpful information about conserving energy.
• Contact Josh or Doug in our member services department for additional information.
Capital Electric is currently considering the possibility of a member incentive rate for those members that are willing and able to assist us with load factor improvement. There are many things you can do around your home or business to help us reduce our peak demand, which drives our wholesale electric costs. Stay tuned for more information, as this is a priority item at CEC.