The PCEA Board of Directors have approved rate changes. The purpose of the rate change - which means some rates are increasing, and some are decreasing - is to more accurately recoup the cost of delivering electric service. PCEA has not changed base rates in 11 years, and periodically the co-op should review and adjust rates as needed in order to recover costs more equitably and fairly. PCEA underwent a cost-of-service study last year to evaluate current rates and is adjusting rates accordingly.
Starting in April, the rate changes will go into effect on April bills for March electric use. All rates are being adjusted, which results in an overall average 1% revenue decrease across all rate classes. Here are a few important highlights:
- Some rates and charges will increase, while others will decrease, depending on the rate class.
- Most residential members will not see much of a difference.
- The facility charge for certain rate classes is increasing, but other charges are decreasing. The Distribution Cost Adjustment is decreasing from $0.01 to $0.
- PCEA has not changed base rates in 11 years.
- PCEA’s residential rate is 10¢, which falls below the Iowa average of 12.2¢
View all rate changes here.
Questions? Call us at 641-628-1040 or email us at firstname.lastname@example.org. We'll be happy to go over your account with you.