Your co-op: A solid investment

Monthly charge maintains system

Posted on Mar 26 2018 in Boone REMC

As a member of Boone REMC, you make an investment in the co-op every time you pay your bill.

This collective investment in the co-op benefits you and the community immediately and over time. So what exactly is this monthly investment, and how do you benefit from it?

Boone REMC’s monthly customer charge is a monthly investment that helps your co-op cover the expenses of maintaining the overall electric system. Combatting cyber security threats and maintaining poles, wires, substations and co-op equipment takes strategic planning and significant resources.

The customer charge essentially ensures that all equipment operates properly and staff is trained and ready so the lights turn on when you need them.

Regardless of how much electricity a particular family uses, the cost of delivering power to that house is the same. As a not-for-profit electric cooperative, we believe the operational costs should be spread fairly and equitably across all of our members, regardless of the level of electricity use.

That is why every member pays the customer charge each month to cover basic operational costs. All residential members are charged the same amount for the cost of operation since all residential members benefit from essentially the same service. In essence, this gives each co-op member an equal share in Boone REMC’s operation.

Your monthly investment ensures you have access to safe, reliable and affordable power when you need it. We appreciate and value the investment that you make in the co-op each month, and we strive to use that investment wisely for the benefit of all members of our community.

To learn more about the customer charge, please visit

Rate adjustment begins in April

A recent cost-of-service study has prompted the Boone REMC board of directors to approve an overall 1.2 percent rate increase. This will go into effect with April consumption and be reflected on May bills. The last time Boone REMC members experienced an increase to distribution rates was in 2007.

As a member-owned, not-for-profit cooperative, we strive to be proactive in our planning, offer education on our energy efficiency programs, and maintain the reliability, quality, and integrity of our system.