PEC raises base power, time-of-use rates effective March 1
The Pedernales Electric Cooperative regularly adjusts rates based on ERCOT market conditions. ERCOT is the grid operator for 90 percent of Texas. File photo
The Pedernales Electric Cooperative recently changed its base power rates and time-of-use rates, amongst other alterations, to reflect increasing market prices. Those changes took effect on March 1.
The base power rate increase, which was said to affect the bulk of PEC’s members, raised rates from $0.0619 to $0.0659 per kilowatt-hour. The PEC webpage addressing the changes gave customers a rough estimate of the effects of the increase on their monthly bill.
“A residential member using 1,250 kWh per month will see an approximate increase of 3.2 percent on their electric bill, which is equivalent to $5 more per month,” the webpage reads.
The PEC also increased time-of-use rates, which are based on seasonal and hourly peaks, decreased sustainable power credits, implemented time-of-use rate credits, and implemented peak capacity charges for large-power members.
The PEC webpage offered an explanation of the rate changes, citing current market prices as a major factor.
“We must regularly review and adjust (rates) to recover the cost of providing safe and reliable power to all our members,” the page reads. “These changes reflect the increasing price of power in the (Electric Reliability Council of Texas) market.”
A list and detailed explanations of these changes can be found on the PEC website. Call 888-554-4732 for more information.