For
the second month in a row, Walton EMC customer-owners are enjoying no power
cost adjustment (PCA) to their electric bills.
The
purpose of the PCA is to allow for temporary fluctuations in what Walton
EMC pays for electricity without making changes to the entire retail rate
schedule. It protects the cooperative and its customer-owners from both
under and over collecting on wholesale power costs.
Because
energy prices soared, it was necessary to implement the first positive
PCA in several years in May 2006. At that time, $7 for every 1,000 kilowatt-hours
(kWh) purchased was added to every Walton EMC bill.
The
PCA rose to a high this past August of $9 per 1,000 kWh and remained there
until October. Wholesale prices allowed the cooperative to discontinue
the PCA on November bills. It remains at zero this month.
“We’re
glad wholesale prices allowed us to get a break from the power cost adjustment
adder,” said CEO Ronnie Lee. “It comes at a good time when
families are facing holiday expenses.”
“This, coupled with our
$3 million capital credit refund, should give families a little economic boost
during the holidays,” Lee added.