As part of Clay Electric’s ongoing commitment to providing reliable and affordable electricity, we are making an adjustment to our rates in the month of October, but the average member will not notice a change to their billing statement.

While the per kilowatt hour (kWh) Energy Charge rate (which recovers costs related to service, utility operation and maintenance, debt service, and other expenses) will be increasing from $72.50 per 1,000 kWh to $80 ($7.50 increase), we want to assure you that this change is being implemented alongside a decrease in the Power Cost Adjustment (or PCA, which is based on wholesale generation cost) from $15.50 per 1,000 kWh to $8 ($7.50 decrease). This means that members using the industry residential average of 1,000 kWh per month will remain the same.

Notably, the last time Clay Electric implemented an increase in the energy charge was 2001 — more than 20 years ago. Reasons for the change include an increase in the costs of material and equipment due to inflation, but your cooperative is able to combat that with another PCA as our electricity supplier, Seminole Electric Cooperative, continues to purchase fuel at the lowest possible price.

“We understand the importance of stable and predictable energy costs, and we are working diligently to ensure that these adjustments do not place an undue burden on our members,” said Chief Public Relations Officer Derick Thomas.

At Clay Electric, our mission is to provide you with safe, affordable and dependable electricity while maintaining the highest standards of service. This adjustment is part of our ongoing effort to achieve this mission and to continue serving your energy needs with excellence.