Due to favorable fuel and wholesale power costs in 2016, the cooperative was able to apply a wholesale power cost adjustment (WPCA) to all billing accounts in December. If you were paying close attention, when you received your January billing statement, you should have noticed the WPCA billing credit was continued in January.
That’s right, all Central Electric members received a second WPCA billing credit in January of $0.01 per kWh, or $10.00 for every 1,000 kWh used. Between the WPCA credits in December and January, the cooperative has issued over $1 million in WPCA billing credits to its members.
This is just another great benefit of being a part of an electric cooperative. When actual costs are lower than budgeted costs, the money is returned to you, our member, rather than shareholders.