Coast Electric’s winter power cost adjustment began Nov. 1. Here is what you need to know.
• Power costs used to be averaged once each year, however, the price for generating power changes with the seasons. Costs paid to our power supplier are typically higher in the winter and lower in the summer. Even though we may only have a couple of days of freezing temperatures in the winter, the high demand for electricity on those days affects power costs.
• To ensure that charges are equal to costs, Coast Electric averages power costs twice each year.
What does that mean for you?
• Over a period of 12 months, you won’t see a difference. However, you may notice slightly higher bills in the winter and slightly lower bills in the summer.
• Since Mississippi typically has milder winters and long, hot summers, you need to be more aware of your energy use in the winter but will have more opportunities for comfort in the months when you need it the most.
Who does this affect?
• This affects all member classes except industrial members.