Twice each year, Coast Electric makes a power cost adjustment. Power cost adjustments occur because of changes in the cost of generating power. Costs paid to Coast Electric’s power supplier, Cooperative Energy, are typically higher in the winter and lower in the summer.
Coast Electric is able to pass along these decreased costs to members. Over a period of 12 months, your power costs remain the same. However, members will see a decrease of about $6 for every 1,000 kWh used in the summer.
Mississippi typically has milder winters, like this one, and long, hot summers so Coast Electric members will have more opportunities for comfort in the months when it’s needed most. Temperatures greatly impact member-consumers’ bills since heating and cooling typically use the most energy. That means you will see higher bills in extreme hot or cold weather. We recommend managing your energy use every season, even with a power cost decrease.
Who will the power coast decrease affect?
The decrease affects all member classes but industrial members.
When will this power cost adjustment take place?
The summer power cost adjustment will begin April 1.