Five-Year Rate Restructuring Plan
Rate design is a balancing act between meeting revenue needs while minimizing the overall financial impact to members. As a not-for-profit organization, it is necessary to recover the costs of doing business, as well as maintain enough cash reserves (margins) to reinvest in the system.
The Cooperative underwent a class cost of service study which resulted in a five-year rate restructuring plan and rate changes. People's is committed to minimizing the impacts to members by controlling costs while maintaining the reliability, quality, and integrity of the electric system we all rely upon.
We hope you find the information below helpful in understanding the rate restructuring process.
2020 Rate Changes
The following rates are the most common rates and encompass about 90% of PEC members. A listing of the most common rates is available below. To determine if your account is Legacy or SMEC, look at your bill. Information headers are green on Legacy bills and blue on SMEC bills.
2020 Rates (Effective September 1, 2020)
The rates listed below are effective September 1, 2020 and reflected on October 2020 bills.
Please note this only lists rates that are changing and the most common rates used by members. For a full listing of rates available, contact the Cooperative.
Rate | Details |
---|---|
Single-Phase Residential Service Includes: residential homes or apartments outside of an incorporated city |
Basic Service Charge: $45/month Energy Charge: |
Single-Phase Residential Urban Includes: residential homes or apartments within the boundaries of an incorporated city |
Basic Service Charge: $30/month Energy Charge: |
On-Peak Electric Space Heating (Closed - not available to new applications) Available for: separately metered, single-phase residential service for the primary purpose of heating with electricity |
Basic Service Charge: $5.50/month Energy Charge: $0.10500/kWh (Sept.-May) |
Single-Phase General Service with Electric Heat
|
Basic Service Charge: $45.00 Energy Charge: |
Three-Phase General Service with Electric Heat (Rate I) |
Basic Service Charge: $115.00 Energy Charge: |
Electric, Shared/Community Water Well and Septic (Rate Y) |
Basic Service Charge: $20.00 Energy Charge: |
Unconnected General Service Line Extensions Available to the consumers for whom the cooperative has extended service lines, but have no connected a service load, for general single-phase or three-phase service. |
Basic Service Charge: |
The rates listed below are effective September 1, 2020 and reflected on October 2020 bills.
Please note this only lists rates that are changing and the most common rates used by members. For a full listing of rates available, contact the Cooperative.
Rate | Details |
---|---|
Small General Service Includes: farms, small grain bins or dryers, and small to medium-sized businesses |
Basic Service Charge: Energy Charge: |
Medium General Service Includes: farms, large grain bins or dryers, large-sized farms, medium to large size business, and industrial operations |
Basic Service Charge: Energy Charge: $0.06250/kWh Demand Charge: |
Controllable Seasonal Rate Available to members with seasonal energy use requiring between 70 and 300 KVA of transformer capacity |
Basic Service Charge: $123/month Energy Charge: $0.05710/kWh Demand Charges: Seasonal Demand Charge When Load Control is Requested: |
Peak Alert Interruptible Available to members where their monthly maximum demand will or has exceeded 20 kW for at least once annually and the member has the ability to maintain their system's operation during periods of load control through the use of a standby generator |
Basic Service Charge: $136/month Energy Charge: $0.05710/kWh Demand Charges: Seasonal Demand Charge when Load Control is Requested: |
Cooperative owned, outdoor, dusk to dawn, unmetered lighting.
This rate includes installation, maintenance, and electricity with installation on an existing pole where 120 volts (secondary distribution facilities) is available ahead of the member's metering. All outdoor lighting fixtures shall be owned, maintained, and operated by the Cooperative.
The rates listed below are effective September 1, 2020 and reflected on October 2020 bills.
Please note this only lists rates that are changing and the most common rates used by members. For a full listing of rates available, contact the Cooperative.
Rate | Details |
---|---|
SMEC Single-Phase Residential Includes: residential homes or apartments |
Basic Service Charge: $20/month Energy Charge: |
SMEC Optional Single-Phase Residential Includes: residential homes or apartments |
Basic Service Charge: $20/month Energy Charge: Demand Charge: |
SMEC Stored-Heat Space Heating (Off-Peak) (Rate 310) |
Basic Service Charge: $5.50 Energy Charge: |
SMEC Controlled Water Heating (Rate 350 Off-Peak, 357 On-Peak, 358 Off-Peak) |
Basic Service Charge: $5.50 Energy Charge: |
The rates listed below are effective September 1, 2020 and reflected on October 2020 bills.
Please note this only lists rates that are changing and the most common rates used by members. For a full listing of rates available, contact the Cooperative.
Rate | Details |
---|---|
SMEC General Service Includes: small commercial buildings |
Basic Service Charge: Energy Charge: |
SMEC General Demand Service Includes: medium to large commercial buildings |
Basic Service Charge: Energy Charge: $0.06250/kWh Demand Charge: |
SMEC Large Power and Lighting Includes: large industrial operations |
Basic Service Charge: $115/month Energy Charge: $0.06250/kWh Demand Charge: |
SMEC Large Power and Lighting Interruptible Service Includes: large industrial operations |
Basic Service Charge: $250 Energy & Demand Charges: Sept.-May June-Aug. |
SMEC Controlled Water Heating (Rate 350 Off-Peak, 357 On-Peak, 358 Off-Peak) |
Basic Service Charge: $5.50 Energy Charge: |
Rate | Details |
---|---|
SMEC Municipal Pumping
|
Rate will be discontinued beginning September 1, 2020 and moved to appropriate General Service Rate. |
SMEC Demand Metered Municipal Pumping
|
Rate will be discontinued beginning September 1, 2020 and moved to appropriate General Service Rate. |
SMEC Single-Phase Farm
|
Rate will be discontinued beginning September 1, 2020 and moved to appropriate General Service Rate. |
SMEC Three-Phase Farm
|
Rate will be discontinued beginning September 1, 2020 and moved to appropriate General Service Rate. |
Cooperative owned, outdoor, dusk to dawn, unmetered lighting.
The rate for Cooperative owned lights includes installation, maintenance, and electricity with installation on existing pole where 120 volts (secondary distribution facilities) is available ahead of the member's metering. All outdoor lighting fixtures shall be owned, maintained, and operated by the Cooperative.
Municipal owned, outdoor, dusk to dawn, unmetered lighting.
The Cooperative will furnish all electric energy required to operate the municipality's street lighting system. All maintenance shall be the responsibility of the municipality.