Changes In NC REPS Mandates Lead To Elimination Of CFL Credits

In 2009, Jones-Onslow began offering credits on electric bills when customers purchased compact florescent light (CFL) bulbs. The purpose was twofold. First, the cooperative wanted to provide customers the opportunity to make their home more energy efficient and CFLs were a great way to start. Secondly, offering the credits would help Jones-Onslow meet the Renewable Energy Portfolio Standards (REPS) legislation enacted by the North Carolina Legislature through the passage of NC Senate Bill 3.

Since that time, there has been so much movement towards CFLs that they are now considered the de-facto standard for all residential housing. With this shift, utilities in North Carolina will no longer be able to capture the installation of CFLs as an energy efficiency measure towards the mandated REPS requirements as of the end of 2013.

As a result of the changes with CFLs and with the elimination of the credit towards the REPS mandate, the cooperative will no longer offer CFL credits to customers after December 31, 2013. Other energy efficiency programs offered by Jones- Onslow will continue for the coming year.

Customers To See Credit Added To Bills Starting November 1…

Jones-Onslow is pleased to announce that customers will see a credit on their electric bills starting this month and continuing for the remainder of 2013. The credits that customers will receive are due to several factors.

First, the cost that the cooperative has paid for wholesale power during 2013 is less than what was originally projected and budgeted. Every year Jones-Onslow receives an estimation from it’s power supplier, North Carolina Electric Membership Corporation (NCEMC) of what its wholesale power costs will be for the coming year. As time progresses and the actual wholesale power costs are realized, Jones-Onslow must “true up” with NCEMC. This year, that “true up” is a credit. Jones-Onslow was able to purchase power for 3.4% less than what was budgeted in 2013.

A second factor that has contributed to these credits is that Jones-Onslow continues to grow and add new customers each and every month. With the added customers in 2013, more electricity has been purchased than was projected—because of the additional purchases, the cooperative has generated more revenue.

A final factor that has played an important role in the credits is that the cooperative has operated its day-to-day business operations in an extremely efficient manner. As of the end of August, the cooperative’s operations, maintenance, and fixed expenses were almost 8% below what was budgeted for 2013.

Starting with this month’s bill, the credit will be shown as a WPTA (Wholesale Power and TIER Adjustment) credit line item. The projected credit will be $20 per 1,000 kilowatt-hours of electricity used. So, customers who use 1,000 kWh a month will receive a credit of $20; 1,500 kWh used will result in a $30 credit; 2,000 kWh used will receive a $40 credit; and so on.

“With everything going on with the economy today and with the holiday season just around the corner, we are glad to be able to provide these credits to our customers,” said CEO Ron McElheney. “We will continue to work each and every day to operate our business as efficiently as possible while maintaining dependable, reliable electric service to our customers.”

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