We understand that the electric bill makes up a large part of your monthly budget. That’s why we think you should know exactly what you are paying for. Learn more about Lake Region Electric Cooperative’s rate structure and the different components of your energy bill. If you're interested in viewing more information and tracking your usage patterns, learn more about registering for MyMeter.
Sample Residential Statement with Explanations
Facility Charge – Your co-op raised the facility charge from $21 to $24 per month in 2017. The facility charge recovers part of LREC’s investment in poles, wire, meters, maintenance and administrative costs necessary to provide electric service. According to our 2016 cost of service study, the true facility charge should be $37. The difference, between $24 and $37, is collected in the kWh rates. The increase in the Facility Charge was necessary to maintain the co-ops financial strength at a time when forecast kWh sales growth is relatively flat. While LREC has substantially lowered controllable expenses, the co-op continues to invest in the distribution system to improve electric service reliability.
KWh Charges – Recovers wholesale cost of electricity and substantial LREC investment in system (poles, wire, etc) and administrative costs necessary to provide electric service.
Where Your Money Goes – This information box explains how your electric bill is divided between the cost of local LREC utility operations and the cost of wholesale electric generation and transmission.