As of January 1, 2022, the rate is $0.01213 per kilowatt-hour (kWh). Because SMECO’s rates already cover the cost of providing renewable energy for 32% of the energy members use, the charge for Rider G will cover the cost of RECs for the remaining 68% of the monthly kWh on your bill—so you will receive 100% green coverage.
The Rider G rate will be updated each year on or about January 1 for changes in REC prices and purchase percentages. The rate may also be adjusted whenever significant market pricing changes occur.
Below is a sample calculation for 1,200 kWh.
- Energy Charge: 1200 kWh × $0.0833 = $99.96
- Power Cost Adjustment - Energy: 1200 kWh × $0.005 = $6
- Rider G: 1200 kWh × $0.01213 = $14.56