1st quarter tracker and relief

Posted on Jan 14 2024 in Bartholomew County REMC

During this time of inflated costs to produce power, BCREMC is trying its best to alleviate the impact of increasing wholesale power costs passed onto members through the Wholesale Tracker. BCREMC will provide a relief credit for all accounts receiving electricity from BCREMC. The refund amount will be directly proportional to the kWh you use and will be listed as “BCREMC Wholesale Power Cost Relief” on your bill.

The power we buy from our wholesale power provider, Hoosier Energy, constantly fluctuates in price. Because of this, the Wholesale Tracker is on your bill monthly and changes quarterly to recoup or credit the fluctuating cost of power we buy on your behalf. The tracker is a pass-through from Hoosier Energy and is calculated based on your kWh use. The Wholesale Tracker for the first quarter of 2024 is $0.017200 per kWh. Due to rising costs in electricity caused by fuel (coal and natural gas) prices, inflation, and supply chain issues, the trend of elevated wholesale power costs will continue through 2024.

Throughout 2023, BCREMC issued relief monthly as a credit on your bill to offset the increase in the Wholesale Tracker. The board is proud to report that BCREMC is in good financial standing to continue to give back to our members throughout 2024.

Reflected on mid-January bills and those sent on the first of February, Bartholomew County REMC members will see a Wholesale Power Cost Relief credit of $0.007287 per kWh.

BCREMC is continuously examining ways to operate more efficiently while continuing to provide the highest level of friendly, reliable service you expect and deserve. Thank you for being a valued member. We are grateful to serve you and provide this relief. Please contact our office if you have any questions regarding your electric bill.