TCEC Announces Reduction in Power Cost Adjustment for March Billing Cycle
In a move that underscores our commitment to reliable and affordable electricity, TCEC has announced a noteworthy reduction in its Power Cost Adjustment (PCA) rate. Beginning with the March electric bills, TCEC members will benefit from a lowered PCA rate of .015, down from the previous .025. This adjustment promises savings for the cooperative’s members and reflects the organization’s responsive measures to the changing dynamics of the power market.
The Power Cost Adjustment is a crucial mechanism utilized by TCEC to reflect fluctuations in the wholesale price of generating and transmitting electricity to its membership base. The PCA appears as a separate line item on each bill, recouping the true costs of electricity purchased from Golden Spread Electric Cooperative (GSEC).
“The volatility in the power market has subsided, allowing us to be confident in lowering the PCA. It reflects our dedication to transparency and affordability,” said Zac Perkins, CEO of TCEC. “This adjustment is not just about reducing rates; it’s about our commitment to providing reliable and cost-effective electricity to our members.”
The cooperative emphasizes that the PCA is not an additional fee but a reflection of the actual costs incurred in delivering electricity. “This adjustment ensures that the cooperative can maintain financial stability while also delivering affordable power to its members," added Perkins.
By making this significant adjustment, TCEC showcases our responsiveness to market conditions and our dedication to the community we serve. Members can expect to see the adjusted PCA rate reflected in their March billing statements, marking a positive shift towards lower electricity costs.
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