July wholesale power relief

Posted on Jul 05 2023 in Bartholomew County REMC
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Throughout 2023, BCREMC has provided a monthly Wholesale Power Cost Relief credit for members. During this time of inflation, BCREMC is trying its best to alleviate the impact of increasing wholesale power costs that is passed onto members through the Wholesale Tracker. The relief credit is for all accounts that currently receive electricity from BCREMC. The refund amount for July will be in direct proportion to the kWh that you use and will be listed as “BCREMC Wholesale Power Cost Relief” on your bill. 

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. The Wholesale Tracker for the third quarter is $0.01704 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 2023.

Since January, we have 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 give back to our members when it is needed most.

Reflected on mid-July bills and those sent at the first of August, Bartholomew County REMC members will see a Wholesale Power Cost Relief credit of $0.00754 per kWh.

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 and provide this relief during this time of inflation. Please contact our office if you have any questions regarding your electric bill.