Vol73-10 October 2023

Standard Offer Service rate update

Total residential Standard Offer Service (SOS) rate for September: $0.084223 per kilowatt-hour (kWh).

• Summer Residential Energy Charge: $0.0949 per kWh
• September Residential Power Cost Adjustment (PCA): ($0.010677) per kWh

SMECO’s PCA for August is -11.40 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. The trigger to revise the rate was met after the PCA was more than 5 percent less than the base energy rate for May, June, and July. On July 31, 2023, SMECO filed to reduce the cooperative’s base Standard Offer Service rate. In the filing, the cooperative requested that the adjustment to the base energy rate be effective for members as of October 1, 2023. The PSC approved SMECO’s request on September 20, 2023.