Cooperative Review - February 2024

Member newsletter for Southern Maryland Electric Cooperative

Standard Offer Service rate update

Total residential Standard Offer Service (SOS) rate for January: $0.085808 per kilowatt-hour (kWh).

Winter Residential Energy Charge: $0.0854 per kWh

January Residential Power Cost Adjustment (PCA): $0.000408) per kWh

SMECO’s PCA for January was 0.47 percent of the current average annual base energy.

Chart showing PCA percentages above or below energy rate: October -7.42%, November -7.89%, December -4.72%

 

SMECO must revise its base energy rate if the PCA for three consecutive months is 5 percent more or less than the base energy rate. The PCA for December did not meet the 5 percent trigger.