PCA Adjustment to Members’ Bills
Choptank Electric will adjust its Power Cost Adjustment (PCA) on member bills beginning Feb 1st.
The adjusted PCA, effective with the Feb 1st billing, will be a credit of $0.00296/kWh. Prior to Feb 1st, the PCA was a charge of $0.00403/kWh. This change will result in an overall decrease of $6.99 for a residential member using 1,000 kWh per month.
The PCA is a separate line item on each Choptank Electric bill which reflects the increases or decreases in the Co-op’s cost of wholesale power purchased from Old Dominion Electric Cooperative (ODEC). Any fluctuation in the PCA is mainly caused by changes in the cost of purchasing power-driven by the fuel used to generate electricity. ODEC continues to work diligently to produce and procure the power required by its members with affordability and reliability as their primary concerns.
Without Power Cost Adjustments, utility base rates would be constantly changing to reflect increases and decreases in the cost of power.