Below is our regular update on changes to the price to compare – the price paid by customers who do not shop for their energy. It’s important to note that:
• You don’t have to pay the price to compare if you shop for your energy supply.
• You may be able to get a cheaper price by shopping for your energy supply.
• The price to compare is posted one month in advance, to help you make decisions about shopping.
We’ve posted our next price to compare for customers who rely on us to purchase electric supply on their behalf.
Effective June 1, the new price to compare for residential customers will be 7.393 cents per kilowatt-hour (currently 7.878 cents per kWh). The price to compare for small business customers will be 6.593 cents per kilowatt-hour (currently 7.731 cents per kWh).
Our updated price to compare takes effect every six months, on June 1 and Dec. 1 each year.
We encourage you to seek opportunities to save on power supply costs by shopping for deals with competitive electric suppliers. For those who choose not to shop, we hold energy auctions to purchase power at the lowest possible price.
Generation rates and prices to compare for residential and small business customers are adjusted every six months to reflect the cost of power purchases and adjustments based on customer use in the prior period. The generation rate for large industrial customers is based on hourly market prices.
We don’t profit on the generation portion of customers’ bills. We merely pass along the cost of that supply to non-shopping customers without markup.