Power Cost Adjustment FAQ
What happened to the PCA?
Starting with May 2018, the power cost adjustment (PCA) on electric bills increased. It is anticipated to be at 0.00375 through June 7, 2019. This is the first time since 2015 the PCA has been positive; it has been at -0.00001 in recent months.
Why is the PCA going up?
The increase is due to a true-up charge from our former power provider for the power purchased in 2017. Throughout the year we are billed by the power provider based on prior year costs. Once actual costs are determined, the amount paid is trued up. In 2017 costs increased so that the co-op owes the power provider. Increasing the PCA allows the co-op to recover the true-up.
We had not experienced a positive true-up for several years.
How does the change affect my bill?
Your monthly bill will increase about $3.75 per 1000 kilowatt hours (kWh) used.
What is the PCA?
The PCA is an adjustment on Jo-Carroll Energy electric bills that can go up or down depending on the cost of power each month. The PCA is expressed in a dollars per kWh format. The rate is determined by calculating the power cost per kWh on the monthly bill received from the cooperative’s power providers. The PCA is determined by how much the monthly power cost per kWh is above or below and anticipated power cost.
What can I do to lower my electric bill?
Jo-Carroll Energy offers a number of programs and services that promote energy efficiency, saving you money. These include:
- Free energy assessments
- Residential, commercial and ag energy audits
- Energy efficiency incentives
- Load management programs
In addition, we have ways to help you managr your energy bills, including budget billing and levelized billing.