On your December bill, you probably noticed a wholesale power cost adjustment (WPCA) of $41.00 for every 1,000 kWh used. Actual wholesale power costs for 2021 were lower than budgeted costs, and so in December each of our members received a credit on their bill to adjust for the difference. This is one of the many benefits of being a member-owner of a not-for-profit electric cooperative like Central Electric. YOU, the consumer, reap the benefits and share in the financial success of the company rather than outside shareholders. That’s the “cooperative difference,” YOU are the priority.
So how does the December WPCA credit impact your January bill?
In short, it doesn’t. The WPCA credit from December has no impact on your January bill. However, since your December bill was reduced by the WPCA credit, it makes the dollar difference between your December and January bill seem that much more significant. The best way to always look at your bill and to understand changes in your bill, is to look at your energy use. You’ll notice that your energy use goes up during the winter and summer months and then back down again in the spring and fall months. Your bill is largely dependent upon the fluctuations in your energy use, which is greatly impacted by the weather.
So when you receive your January bill, be sure to compare energy use and factor in the WPCA billing credit you received in December. As always, if you have any questions, please don’t hesitate to give us a call at 919-774-4900.