Unless otherwise indicated in any addenda hereto, Commodity Charges means a part of Customer’s electricity bill for each Facility equal to Customer’s Energy Usage at such Facility multiplied by the appropriate Price.
What does the term “commodity charge” imply?
The portion of the monthly payment for service that is based on the quantity of gas provided to the Shipper at Shipper’s Delivery Points is referred to as the Commodity Charge or “Usage Charge.”
What is the definition of electric commodity adjustment?
New Ulm Public Utilities cherishes its customers, and we value your comprehension of your utility account just as much as you do. The Energy Acquisition Adjustment, Purchased Gas Adjustment, and Fuel Cost Adjustment are all parts of the bill that we hear questions about.
To provide our customers, New Ulm Public Utilities purchases electricity and natural gas on the open market. The price can fluctuate month to month, much like any other market, such as maize, gold, or oil. For electric, natural gas, and steam utilities, the adjustment is used to reconcile the market price to the base price in our advertised rate. The Utility will have enough cash to pay for the electric and natural gas commodities as a result of this change, and the customer will avoid a base rate adjustment each year.
On a yearly basis, the Energy Acquisition Adjustment (EAA) is determined for electric tariffs. The EAA is computed based on the year’s estimated fuel and purchased power expenses. The predicted annual cost of energy purchased from our suppliers is used to increase or decrease the energy charge. 5.849 cents per kilowatt-hour is our base commodity charge (kWh). After adding the proposed 2019 Energy Acquisition Adjustment of 1.517 cents per kWh to the base commodity fee, the projected energy cost is 7.366 cents per kWh.
What is commodity adjustment and how does it work?
You may see your electricity bill as a single total sum, or there may be a separate part that breaks down the charges. The cost of electricity is calculated in kilowatt hours (kWh). The calculation is based on energy consumption rather than a measurement of how much energy you use in a given hour.
Power providers set rate schedules based on a variety of factors including population density, energy use, infrastructure issues, and more. The amount you pay on your power bill is also influenced by where you reside. Colorado’s average electricity rate in January 2020, according to Choose Energy, is 11.74 cents per kWh. On your bill, though, you may see a different rate.
You may notice the following terms on your statement in addition to the amount you owe and your overall energy use in kilowatt hours for the given month:
- A surcharge that helps the utility cover the costs of providing electricity to customers.
- Trans Cost Adj: An abbreviation for transmission cost adjustment, which refers to billing modifications made to account for changes in power delivery costs that are not previously accounted for in the rate schedule.
- Elec Commodity Adj: An abbreviation for electric commodity adjustment, which refers to costs levied on customers for the resources the utility must purchase to provide service.
- Demand Side Mgmt: A fee that reimburses the costs of demand-side management initiatives that educate or encourage customers to use less energy.
- Purch Cap Cost Adj: An abbreviation for “purchased capacity cost adjustment,” which refers to costs for energy purchased from other sources by the utility.
- The Clean Air-Clean Jobs Act (CACJA) is an abbreviation for a bill passed in Colorado to reduce emissions; your utility provider will include it on your energy bill if you agree to follow the conditions of the legislation.
- GRSA: General rate schedule adjustment; refers to rate schedule modifications that may be credited to your bill or charged to your account.
- A premium that covers the costs of franchising the electrical infrastructure of communities in the service region.
It may be aggravating to realize that the majority of these obscure abbreviations refer to charges that the energy provider passes on to customers to cover operating costs. Now that you’re aware of the “hidden charges” in your energy bill, you can begin to take efforts to lower your real usage and control the portion of the bill that you can.
What does the power charge on my statement mean?
The cost of an electric charge is the fee charged by a utility per unit of power consumed (typically measured in kilowatt-hours) or per unit of demand (usually defined in Kilowatts). An example of an electric bill (Charge) Service fees are usually imposed by the government.
What exactly is a commodity?
Commodities are frequently used commodities and materials that are not significantly distinguishable from one another. Commodities include barrels of oil, bushels of wheat, and megawatt-hours of electricity, to name a few.
What is the commodity charge for SoCalGas?
The procurement component of the core sales rate will increase from 18.440/therm to 83.569/therm on January 1, 2022. This rise was due to a 16.922/therm increase in commodities prices and a 1.518/therm increase in account adjustments. The procurement rate is around 110.2 percent more (39.764/therm) than it was in January 2021, compared to a year before.
What is the process for opting out of CCA?
Your request to opt out of CCA will be denied by the IOU. Customers must take some type of action to opt out of each CCA program, such as contacting a toll-free number, sending a self-addressed return postcard or letter, or completing an opt-out form.
On a PG&E bill, what is the Generation charge?
Because MCE now obtains your energy from 60-100 percent renewable sources, depending on your service choice, PG&E will no longer charge you for electric generating. Electric delivery the transmission and supply of your electricity as well as applicable regulatory and program charges will continue to be charged by PG&E.
What does a billing adjustment entail?
A revenue adjustment amount arising from Departmental intervention in a billing dispute between a Company and a residential customer, excluding adjustments that both the Department and the Company admit have been made notwithstanding the Company’s responsibility in the billing dispute.
What is water commodity adjustment, and how does it work?
CLAUSE FOR COMMODITY ADJUSTMENT The percentage of groundwater to be pumped and imported water to be purchased (including fixed charges) as of July 1 of each fiscal year will be used in any commodity adjustment calculations for the remainder of that fiscal year.