Small Power
Get started with our conventional rate for your commercial or industrial operation with a rolling 12-month average demand of less than 75 kilowatts. If you have metered street lighting, this is also the best rate for you.
2023 Base Power Cost Adjustment
As of October 1, 2023, PEC is adjusting its Base Power Cost. The change is necessary due to increased wholesale power costs and was discussed in the open session of the July board meeting. You can view the presentation here. The board approved the final proposal at the August board meeting.
PEC Base Power Cost 2013-2024
As a nonprofit transmission and distribution cooperative, PEC does not generate power but purchases it from generators and delivers it to our members. PEC sets rates as close as possible to the cost of service, which includes the cost of purchased power. From 2020 to 2022, Electric Reliability Council of Texas (ERCOT) total market costs have tripled. Operating costs other than the cost of power are not contributing to the need to raise rates. PEC has leveraged technology, cut costs, and lowered borrowing costs to keep operating expenses flat over the last five years, all despite rising interest rates and inflationary pressure. The increased market price of power is simply too large to make up for elsewhere.
The adjustment is to the Base Power Cost, which will change from $0.044500 to $0.058500 per kWh for all bills issued on and after October 1, 2023. Additionally, PEC has successfully repaid the unexpected debt caused by Winter Storm Uri in 2021, and the surcharge will be removed from bills issued on or after October 1, 2023. The adjustment to the Base Power Cost results in a net increase of 6.2% or $8.75 for the average member who uses 1,250 kWh per month.
PEC’s rates are still 15% lower than the state average and 25% lower than the national average. In a year, PEC members will save nearly $620 compared to the national average and about $332 compared to the state average.
For more information, see the Rate Change FAQ.
PEC Rate Competitiveness
Even with the Base Power Charge increase, PEC’s rates remain well below national and state averages. Please refer to the chart below to see how PEC’s rates compare to area utilities.
The data shown is from publicly available sources and adjusted to 1,250 kWh for comparison. The bars shown in yellow are data from the utility site listed. The bars shown in orange are from the EIA Electric Power Monthly Report. The bars shown in purple are from the PUCT Quarterly Retail Electric Service Bill Comparison for Residential Electric Service. *Annualized numbers for summer and non-summer rates. **Annualized numbers using repeated June number to correct the lack of September 2022.
Rate Breakdown
| Line item | Previous rate | New rate (October 1, 2023) |
|---|---|---|
| Service Availability Charge | $37.50 | $37.50 |
| Delivery Charge per kWh | $0.021977 | $0.021977 |
| Transmission Cost of Service per kWh | $0.016860 | $0.016860 |
| Temporary Winter Storm Surcharge | $0.007000 | $0 |
| Base Power Charge per kWh | $0.044500 | $0.058500 |
| OR | ||
| Time-of-Use Rate Power Cost | Varies » | Varies » |
| BILLING OPTIONS | ||
| eBilling Credit | -$1.00 | -$1.00 |
| eDraft Credit | -$1.50 | -$1.50 |
Your monthly bill will be the sum of the above charges plus any applicable fees.
Interested in this rate?
To sign up for your lowest possible rate, call us toll-free at 888-554-4732 to speak with a member services agent. Agents are ready to assist you 8 a.m. to 5:30 p.m. Monday through Friday.