The reduction is tied to an adjustment in the wholesale price Sawnee pays for power - the Wholesale Power Cost Adjustment (WPCA). The WPCA is a component of the retail rates by which most Sawnee EMC electric accounts are billed.
For Sawnee EMC electricity billed in the month of June, and until further notice, the WPCA factor will be reduced to $0.018165/kWh from its previous rate of $0.0220/kWh. This action affects all Sawnee EMC residential members and most commercial accounts by effectively lowering the amount each member pays for their electricity.
The projected savings for an average account that uses 1,500 kWh would be approximately six dollars per month. However, the actual dollar savings will vary depending on the level of energy usage; should a Sawnee EMC member average more electricity usage in a month, they will see even greater dollar savings, according to EMC officials.
"For a number of reasons, we have experienced a reduction in our purchased power expenses for the year, and as a cooperative, we strive to pass these savings along to our members," said Michael Goodroe, President and CEO of Sawnee EMC. "We are very pleased to be able to deploy a retail rate decrease, especially going into the summer when most members have higher usage. Of course, lower rates are always welcome news no matter what time of the year it is."
Blake House, Vice President of Member Services, added, "We will continue to monitor the factors that drive our cost and that influence the WPCA and should we see lower costs, it would be our hope that we could pass these savings along to our members with further reductions; however, this all hinges on future costswhich are obviously unknown at this time."
Sawnee has customers in Fulton, Cherokee, Dawson, Forsyth, Lumpkin, Hall and Gwinnett counties.
For additional information or questions regarding WPCA or any aspect of your Sawnee EMC account, you can call 770-887-2363 or email at [email protected].
http://accesswdun.com/article/2012/5/248806