Electric Bills Get Relief From High Temperatures
Thank goodness the weather is finally behaving.
Abnormal September weather kept energy use above typical levels almost all month, with 19 days having 90-plus degree temperatures. Over the past 10 years, only 14 September days have been above the 90-degree mark. Much of the hot September weather was felt on October power bills.
Besides milder weather beginning in October, your November electric bill should reflect other factors that will lead to lower costs.
First, Walton EMC's winter rate schedule goes into effect this month. Winter electricity rates are significantly lower than summer rates. Customer-owners who use electric heating will notice the most difference. On winter rates, the more electricity used, the less each kilowatt-hour costs.
In contrast, kilowatt-hour costs go up as more electricity is used in the summer. That's because air conditioning on Walton EMC's system causes a peak in our generating requirements that's not present in the winter.
A kilowatt-hour is the way we measure energy use. One kilowatt-hour will run a 60-watt light bulb for almost 17 hours.
Another factor affecting this month's bills is that the Wholesale Power Cost Adjustment (WPCA) has dropped to its lowest level in two years. Using the WPCA allows us to make adjustments for rising costs and fluctuating sales instead of permanently adjusting rates.
More Good News
The co-op's board of directors has voted once again to return $3 million to customer-owners next month in our latest capital credit refund. Your share of the refund will appear as a credit on the December bill.
Watch next month for complete information on the refund.