Did You Know?
DEC's Board Is Considering Lowering Rates for Co-op Members!
Delaware Electric Cooperative’s Board of Directors will vote on proposed rate changes at a special meeting to be held on March 17th. The board is considering a proposal to lower overall rates by roughly 3 percent. Due to COVID-19 gathering restrictions, the meeting will be held via teleconference. Members can watch the proceedings via a live video stream or listen to the meeting over the phone.
Click HERE to watch the live meeting on March 17th. The meeting video stream will begin at 6:30 p.m. Members using Zoom to view the meeting broadcast will be able to ask questions.
You can also call 1-301-715-8592 or 1-312-626-6799 to listen to the meeting over the phone. Please call in before 6:30 p.m. on March 17th. When prompted, please enter the meeting ID: 979 0206 5613
What This Means for Members:
Under the plan, the Power Cost Adjustment (PCA) would fall from $0.019 to $0.013 per kWh. The customer charge would increase from $14 to $16 for all rate classes. The customer charge is a fixed fee members pay which ensures our system is as reliable as possible. The charge pays for trucks, wire, transformers, poles, technology and billing services used by all members, regardless of how much electricity is consumed. The fee makes sure members pay a fair share of the basic cost to run the Cooperative. The proposed increase in this charge is a result of recent studies that show the actual cost to provide members these basic services is about $21 a month. While we don’t want to raise the charge to $21, the current $14 charge doesn’t cover the actual cost to provide service.
If the measure is approved, overall electric costs for members would fall by three percent, saving a residential member using 1,000 kWh per month about $50 per year. The move would save DEC’s membership over $6 million per year. The rate decrease would take effect on April 1 and is possible because Co-op employees work very hard to keep electric rates affordable. Wholesale power costs are falling, and our Beat the Peak program has also helped to keep our rates among the lowest in the region.
Members can submit questions or comments about the rate decrease to DEC by mail. DEC's address is 14198 Sussex Highway, Greenwood, DE 19950. Comments and questions can also be submitted electronically by emailing email@example.com.
The agenda for the special meeting is below:
• Call to Order, Chairman Wells
• Introduction, Bill Andrew
• Rate Adjustment, Mark Nielson
• Summary, Bill Andrew
• Member Questions & Comments, Chairman Wells
• Board Decision, Chairman Wells
Special Board Meeting
Wednesday March 17th