October Tracker and Wholesale Power Relief

Posted on Oct 22 2023 in Bartholomew County REMC
Woman looking at bill

Throughout 2023, BCREMC has provided a monthly Wholesale Power Cost Relief adjustment for members. During this time of inflation, BCREMC is trying its best to alleviate the impact of elevated wholesale power costs that are passed onto members through the Wholesale Tracker. The relief credit is for all accounts that currently receive electricity from BCREMC. The refund amount for October 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 use. The Wholesale Tracker for the fourth quarter is $0.017327 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-October bills and those sent at the first of November, Bartholomew County REMC members will see a Wholesale Power Cost Relief credit of $0.00731 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 during this time of inflation. Please contact our office if you have any questions regarding your electric bill.