Have you ever wondered what makes up your electric bill? In short, a lot!
As your trusted electric cooperative, we constantly strive to ensure that our rates remain fair and ensure we can continue to provide exceptional service. After a thorough cost-of-service study conducted by a third-party rate consultant firm, our staff and board of directors have finalized the details to ensure that the rates we charge align with our mission of delivering exceptional service and reliability to you, our valued members. In our ongoing commitment to transparency, we want to inform you about some upcoming changes to your electric rates, effective May 1, 2024.
Bill Breakdown
Your bill contains more information than you might think. Along with the total amount owed, your bill also tells you exactly how many kilowatt hours (kWhs) you used during a period and compares that total with the last month, the same month last year and the previous 24 months. You can use this information to detect abnormal energy use, which could indicate a faulty appliance or energy habit.
Note: A kilowatt hour (kWh) is a unit of measurement for electricity consumed. A kWh is equal to the amount of electricity ten 100-watt light bulbs would use in one hour. We set our rates based on kWhs, and the amount of kWhs you use is part of how we determine your final bill.
Factors that Affect Your Bill
Tools to Help You Understand Your Bill
Your bill provides plenty of information, but by the time you receive your bill, it is too late to save money for that month. That’s why it’s a good idea to take advantage of our SmartHub daily usage information. Use the following calculators and applications to address energy issues early:
- DIY energy advisor tells you about your home usage based on your bill
- Energy calculators help you learn where your energy dollars are going
- SmartHub provides daily usage information and online access to your bill
Remember, Piedmont Electric is your trusted energy advisor! To learn more about the programs and services we provide visit our smart energy page or call 800.222.3107.