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Slight decrease in retail rates for the 2nd Quarter 2018
Jackson County REMC will adjust its retail metered rates based upon a pending decrease in the cost of purchased electricity that is being charged by Jackson’s power supplier, Hoosier Energy, Inc.
The $0.48 per 1,000 kWh decrease in the power cost adjustment stems from an upcoming April 1, 2018 quarterly adjustment in Hoosier’s power cost tracker due to the varying costs for energy fuels, market power purchases, and other highly fluctuating expenses.
Effective April 1, 2018, the power cost adjustment will change from $0.008773 per kWh to $ 0.008300 per kWh, decreasing a typical bill of 1,000 kWh from $126.33 to $125.85, or .38%. These rates will remain in effect through June 31, 2018.