Customers to see credit added to bills starting this month.
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 2015. The credits that customers will receive are due to several factors.
First, by the end of 2015, JOEMC customers will purchase more power during the remainder of the year than what was budgeted and projected. Thus, these additional electric sales will create greater than anticipated revenues.
A second factor that has contributed to these credits is that JOEMC continues to grow and add new customers each and every month. With the added customers in 2015, more electricity has been purchased than was projected.
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 September, the cooperative’s operations, maintenance, and fixed expenses were 7% below what was budgeted for 2015.
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 $10.00 per 1,000 kilowatt-hours of electricity used. The chart below shows typical monthly usages and the credits that will be seen.
“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.”