Relief Continues in May and June

The Wholesale Power Cost Relief measures from BCREMC continue in May and June with a special capital credit refund for members that received electric service in 2021 and/or 2022. Your refund is listed as Wholesale Power Cost Relief in the current bill details.

Wholesale Power Cost Relief Continues!

$1 million in Capital Credits Returned to Members in May and June

The board of directors committed in January to provide relief measures to lessen the impact of rising wholesale power costs on member's bills. The past four month$, members have seen a relief refund on their bill, offsetting the increase in the WholesaleTracker. The relief for May and June will be a special retirement of capital credits from BCREMC totaling $1 million.

During this time, when costs for all goods and services are at an all-time high, BCREMCis absorbing some of the increased wholesale power costs to keep rates as low as possible for our members. The relief measures continue in May and June with this special capital credit refund from BCREMC.

The refund amount is in direct proportion to the kWh that was used by the member during the years of 2021 and 2022 and will be listed as "BCREMC Wholesale Power Cost Relief" on your bill. The average residential member will receive approximately $32 for two billing cycles, beginning in mid-May.

Approximately 98% of the current membership will receive refunds. If you were a BCREMC member in 2021 and/or 2022 you will receive the refund.

Special Capital Credit Refund

What is the Wholesale Tracker on My Bill?

The power we buy from out wholesale power provide, Hoosier Energy, to sell to you constantly fluctuates in price. Because of this, the Wholesale Tracker is on your bill monthly and changes quarterly to recoup or credit the fluctuating cost of wholesale power we buy on your behalf. The tracker is a pass through from Hoosier Energy and is calculated based on your kWh usage. The Wholesale Tracker for the second quarter of 2023 is $0.01696 per kWh. The relief measures were created to offset the increase in wholesale power costs for our members.

Remember you can directly impact your bill by reducing the amount or electricity you use. It's more important than ever to be energy efficient. See our website for tips on how you can save electricity this summer.

What Are Capital Credits?

When you purchase electricity from BCREMC you become a member and owner. You then have a share in the capital that remains at the end of the year. After expenses for providing electricity are satisfied, money left over, called "'margins," are set aside for members in the form of capital credits. These credits are allocated among members, based on the amount of electricity purchased throughout the year.

Capital credits are normally retired on a 25 year rotation. This refund is different because it is being retired early to help current members with the financial strain from inflation.