Second quarter tracker and wholesale power relief

Posted on Apr 09 2024 in Bartholomew County REMC

BCREMC is dedicated to reducing the impact of rising wholesale power costs for its members. As a result, we are providing a monthly refund for all current members receiving electricity from BCREMC. The refund amount will be determined based on the kWh you use and will be listed as “BCREMC Wholesale Power Cost Relief” on your bill.

The power we purchase from our wholesale provider, Hoosier Energy, is subject to price fluctuations. This is why you see the Wholesale Tracker on your bill, which is calculated monthly and adjusted every quarter to reflect the changing costs of wholesale power. The tracker is simply a Hoosier Energy pass-through based on your kWh consumption. Unfortunately, due to the rising electricity costs resulting from fuel prices, inflation, and supply chain issues, we anticipate that wholesale power prices will remain inflated throughout 2024.

To offset the Wholesale Tracker increase, BCREMC will issue the relief refund monthly. Our strong financial position enables us to return current margins to our members now when it is needed the most.

Reflected on mid-April bills and those sent on the first of May, Bartholomew County REMC members will see the Wholesale Tracker set at $0.017169 per kWh with a relief credit of $0.007689 per kWh, which makes the total tracker charge $0.009480 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.