Capital credit refund continues in June

Posted on Jun 11 2023 in Bartholomew County REMC

The power we buy from our wholesale power provider, Hoosier Energy, to sell to you 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 usage. 

Reflected on June bills, Bartholomew County REMC members will see the wholesale tracker adjustment that became effective April 1. The 2nd quarter tracker is $0.01696 per kwh. 

BCREMC is trying its best to alleviate the impact of inflated wholesale power costs for our members. In January, the BCREMC Board of Directors committed to providing members relief from wholesale power costs during this time of inflation. The relief measures for June are a continuation of a $1 million special capital credit refund from BCREMC. The refund amount is in direct proportion to the kWh that was used by the member during the years of 2021 and 2022. The refund will be listed as “BCREMC Wholesale Power Cost Relief” on your bill. The average residential member will receive approximately $32, credited on their bill in May and June. 

BCREMC employees and board members work hard to keep local expenses as low as possible, while striving to maintain reliability and service at a level that meets member expectations. Thank you for being a valued member. We are grateful to serve you. Please contact our office if you have any questions regarding your electric bill.