Notice of Rate Change

Notice is hereby given that Wharton County Electric Cooperative, Inc. (the “Cooperative”) intends to change rates for electric service.  Pursuant to Texas Utilities Code Section 41.061 the Cooperative has adopted a resolution approving the rate changes.  The rate changes are effective January 1, 2024, or as soon thereafter as may be allowed by law.  

The proposed rate changes are described as follows:  Increase in Residential Cost of Service Charge by $5.36 per month and increase the Cost of Service Charge for Small General Service by $1.24 per month. 

It is anticipated that the proposed rate change will increase revenue by $271,843 or 1.0% based on a test year ending December 31, 2022

You may obtain further information concerning the proposed rate changes and/or a copy of the proposed rate changes by calling Gary Raybon, General Manager/CEO of the Cooperative, at 
979-543-6271.

**This notice was published in the January 2024 edition of Texas Co-op Power magazine on page 20.**

Rate Change Q&A

How much will rates increase?
This rate increase will be in the form of a $5.36 increase in the Cost of Service charge for residential accounts and a $1.24 increase for small general service accounts. 

Why are rates increasing?
According to a recent rate study, WCEC’s return on invested capital has been slowly decreasing. Additionally, costs continue to rise due to inflation and supply chain issues. The new rates also seek to address cross subsidization between rate classes.   

When will my bill change?
The change will appear on the monthly bill you will receive on or about January 31, 2024.

How will this rate increase affect the co-op’s profits?
We are a not-for-profit, member-owned cooperative. We exist to serve our members with reliable, affordable power, and any margins (profits) we receive are invested in the electric system or refunded to you, the member-owner of WCEC, in the form of capital credits.

What can I do to reduce my bill?
There are many ways to reduce your energy use. Learn ways to save energy at: MyWCEC.coop/save. You can also contact us to learn more about energy efficiency and our load management program.