O C TO B ER
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2020
SECONEWS SECO Energy’s mission is
PCA adjustments since early 2014 to correspond
to construct, maintain and
with fuel cost decreases. There were times when fuel
restore the electric system
costs rose and we had to adjust the PCA to reflect the
that serves over 210,000
increase but for the most part, the PCA changes have
homes and businesses in
consistently lowered members’ bills.
the counties we serve. As a not-for-profit electric
Between January 1, 2014, and October 1, 2020, the
cooperative that operates
price for 1,000 kWh of electricity has decreased by
for our members, we are
$15.35 or over 12 percent.
210013
proud to provide safe, reliable, affordable electric service
SECO also wants to help you use our
and offer world-class customer
product efficiently and reduce your
service. This month I have good news to share – SECO is once again lowering the cost of electric service. Beginning October 1, we are applying a higher member-favorable Power Cost Adjustment (PCA) credit to your bill.
monthly energy consumption. Visit
BETWEEN JAN 2014 AND OCT 2020, THE PRICE FOR 1,000 KWH OF ELECTRICITY HAS DECREASED BY $15.35 OR OVER 12 PERCENT.
SECOEnergy.com > Energy Solutions > Energy Efficiency to complete the Home Energy Assessment for an online energy audit. Try the Energy Estimator to calculate the energy use and costs for your electronics, lighting, appliances and more.
The PCA appears as a line item on The relationship between
your monthly bill titled “Hot Bucks.”
members and their electric cooperative is unique. Since January 1, 2020, our rate for the first 1,000
It’s rare that a company wants you to use less of
kilowatt-hours (kWh) consumed has been $116.90. The
its product at a lower cost. That’s the cooperative
reduction on October 1 will lower the amount by $4.50
difference. It is our privilege to serve as your
per 1,000 kWh to $112.40 or approximately 4 percent.
electric provider.
The monthly bill’s PCA factor fluctuates based on
Sincerely,
the amount SECO pays for power purchased from our wholesale provider Seminole Electric Cooperative, Inc. We work closely with Seminole to ensure the lowest
Jim Duncan Chief Executive Officer
rates possible for members. When the wholesale cost of purchased power decreases, we pass the savings along to you.
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Providing affordable electric service is a high priority for a not-for-profit electric cooperative like SECO. Going back to January 2014, the rate for 1,000 kWh was $127.75. We applied several member-favorable
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OCTOBER 2020 | SECO NEWS
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