Cost of power lowered $10 per 1,000 kWh for Clay Electric members

Kathy Richardson, CCC, APR

Clay Electric members will be billed less for power in December thanks to a reduction in the Power Cost Adjustment on bills. Mem-bers using

the industry household average of 1,000 kWh of power will now pay $149.90. The previous cost was $159.50. The cooperative is able to lower the cost of power due to a slight decrease in the price of natural gas, which Seminole Electric Cooperative (Clay’s wholesale power provider) uses to generate a sizable portion of the wholesale electricity it provides.

     “We’re pleased to be able to lower the PCA in time for the holidays,” said General Manager/CEO Ricky Davis.

     The PCA is a separate line item on each Clay Electric state-ment, which reflects the increases/decreases in the co-op’s cost of power. The cost of wholesale power is more than 70 percent of Clay’s total expenses.

     When the cost of power is greater than the amount includ-ed in the base rate, the PCA is a charge. When the cost is less, it’s a credit.

     As a not-for-profit cooperative, Clay Electric members receive power at cost.