Vol73-5 May 2023

Standard Offer Service rate update

Total residential Standard Offer Service (SOS) rate for April: $0.090934 per kilowatt-hour (kWh).

• Winter Residential Energy Charge: $0.0931 per kWh
• April Residential Power Cost Adjustment (PCA): ($0.002166) per kWh

SMECO’s PCA for April is -2.31 percent of the current average annual base energy.

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. Since SMECO’s PCA for April was -2.31 percent of the current average annual base energy charge and that is under the trigger level of 5 percent level, SMECO’s base energy rate will be unchanged.