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ANALYZING YOUR ELECTRIC BILL. Bob Walker Met-Ed November 7, 2007. Session Topics . Basic charges Demand What is it? Why bill for it? Rate components Reducing your bill Shopping Energy conservation & Load management Rate Options Seasonal Time-of-Day. Basic Charges.

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analyzing your electric bill
ANALYZING YOURELECTRICBILL

Bob Walker

Met-Ed

November 7, 2007

session topics
Session Topics
  • Basic charges
  • Demand
    • What is it?
    • Why bill for it?
  • Rate components
  • Reducing your bill
    • Shopping
    • Energy conservation & Load management
    • Rate Options
      • Seasonal
      • Time-of-Day
basic charges
Basic Charges
  • Energy (kwh) Charge
  • Demand (kw) Charge
what is demand
What is DEMAND???
  • Highest amount of electricity used during a specified interval – “peak load”
  • Measured in kw (kwh/hour)
  • Charged for highest in billing period
why charge for demand
Why Charge for Demand??
  • Accounts for time-varying nature of customer loads (loads are not constant)
  • Higher demand requires larger utility facilities – wire, transformers, etc.
  • Allocates fixed costs fairly among customers
rate components
Rate Components
  • Distribution Charge
  • Transition Charge
  • Transmission Charge
  • Generation Charge
met ed rate gs medium
Met-Ed Rate GS Medium

Demand (kw) Energy (kwh)

Distribution $3.82 $0.00057

Transmission 0.00 0.01252

Transition 3.14 0.00000

Generation 0.00 0.04869

TOTAL $6.96 $0.06178

shopping
Shopping
  • With deregulation customers may buy their supply (Transmission & Generation) from a third party provider.
  • For a customer to reduce their bill their supplier’s cost must be less than the utility’s Price to Compare.
  • Price to Compare = Transmission kwh charge + Generation kwh charge
  • For Rate GS Medium, Price to Compare = $.01252 + .04869 = $.06121
rate caps
Rate Caps
  • Deregulation established caps for the various rate components
  • Generation cap for PPL will expire 12/31/2009
  • Generation cap for Met-Ed will expire 12/31/2010
  • With the cap, Met-Ed generation + transmission charges are approximately $0.06 per kwh
  • Average market price is over $.08 per kwh
  • No Met-Ed customers are shopping now – this will change in 2011
  • When utility generation rates increase there will be opportunities for savings through shopping.
energy conservation load management
Energy Conservation&Load Management
  • Energy conservation is reducing the amount of kwh you use (turning off lights)
  • Load management is reducing your demand (reducing equipment wattage, rescheduling uses)
  • For every 100 kwh reduced you save

100 x $0.06178 = $6.18

  • For every 1 kw reduced you save $6.96
rate options
Rate Options
  • Time-of-Day – could provide savings if highest demand occurs during off-peak hours
rate options19
Seasonal – cost is higher in summer, lower non-summer

For Met-Ed Rate GS Medium:

Summer Demand = $13.40/kw

Non-Summer Demand = $4.79/kw

Standard Demand = $6.96/kw

Summer Energy = $0.06823/kwh

Non-Summer Energy = $0.06110/kwh

Standard Energy = $0.06178/kwh

Summer months are June, July, August & September

Rate Options