Our electrical rates are based on wholesale power costs plus operational costs. We strive to provide the best power service at the lowest price. The Board of Trustees discusses the rates and sets them based on past usage as well as forecasted need. Periodically, the board does a cost of service study. This study helps determine if Park Electric has adequate revenue for the purchase of wholesale power and maintenance and operation of the system. Revenues must allow Park Electric to repay long-term financers, generate margins (money that becomes capital credits), and satisfy the terms required by Rural Utility Services (RUS) and the Cooperative Finance Corporation (CFC).
Park Electric's rates reflect a fair and equitable schedule for each class of service (outlined in the menus below). These rates assure that one class of service, whether commercial, residential, or irrigation does not subsidize another.
On January 1st, 2024, Park Electric will be implementing new rates for the first time in 12 years. Please read the information below for a broader understanding of the change.
RATE CHANGE FAQ
January 1, 2024
Beginning January 1st, 2024, Park Electric will begin charging a Demand Rate. This rate will be $2.00/Kilowatt Hour (kW). Each residential, commercial, and small industrial meter has a line item on the bill that reflects this usage. Irrigation accounts will not be effected by this change.
- Power Supply - Park Electric's power supply costs have increased. In 2019, our power supplier started charging Park Electric for overall system demand. Our costs for demand have gone up by over $400,00 over the past four years. Then, in 2023 our power supply rates for kWh increased. This added an additional $165,000 to our bill. In 2025, our power supplier is expected to increase our wholesale power costs by another $231,000.
- Inflation - The cost of materials to build and maintain our system has gone up by 30-100% and in some cases even more, over the past few years. Some items like transformers have gone up by more than 200%. Our service trucks, equipment, and tools have all seen a 30-40% increase in costs to replace them.
- Infrastructure - Our system continues to grow and because of this we have to build out more lines and meters to serve them. We also have to replace aging poles and wires after they have exceeded their reliable life expectancy.
Every service has different usage patterns. On Park Electric lines, the average household has a peak demand each month of 6 kW. When you multiply this by the new rate of $2.00 per kW, (6 x $2.00) it's $12.00 per month. This number can vary greatly based on your usage patterns and weather.
- Demand is the highest amount of electricity used during a period of time. Members will have a daily peak, generally in the morning of evening. This is when the majority of members peak during the same period. When all the members are peaking at the same time, this creates a peak for the Park Electric distribution system.
- Since electricity must be generated at the moment it's needed, serving demand peaks can require resources that are more expensive since they are harder to plan for and require larger infrastructure to accommodate them.
- A demand fee has always been embedded in our rate, we have chosen to separate part of its cost out to put the power of saving into he member's hands.
Park Electric has minimized increases by managing our costs and implementing a number of cost-saving measures on the system. We have also gone through strategic planning efforts with the board and increased productivity as well. In addition, we are aggressively developing energy efficiency programs to help you save on your bill and help us lower our demand costs overall.
Yes! Park Electric has structured the new rate in a way that rewards members who change their usage habits to lower their demand. Some demand electricity usage is impossible to avoid. For instance, appliances like refrigerators and freezers will need to run periodically, regardless of the time of day. Other loads, especially those that use a large amount of power may be able to run off-peak. Below are a few ways you can reduce your peak:
- During peak hours, we encourage our members to "level your load", and spread out the use of major appliances rather than running them at the same time.
- Do laundry and other chores that require significant amounts of electricity outside of peak hours such as mid-day, later in the evening, or on weekends. Consider setting a timer to run your dishwasher, washer and dryer, and other appliances outside of peak hours. Peak hours for most homes are from 6-9 am and 5-8:30 pm Monday thru Friday.
- Purchase a programmable or smart thermostat to reduce heating and air conditioning use during peak hours. Take advantage of our rebate program when you invest in a new thermostat. Click here for more information!
Availability: Available to members of the Cooperative for residential, small commercial, farm, and ranch services subject to its established rules and regulations. Service on this schedule is limited to single-phase consumers requiring not more than 50 KVA of installed transformer capacity.
Minimum: Park Electric will provide as standard service, up to 200 Amp capacity for the base rate. Over 200 Amp service will be $.50 per KVA in excess of 15 KVA plus the base rate.
All meters, regardless of usage, have a monthly base rate based on the size of the service. The new rate is highlighted below.
|Base Rate - Small (400 Amps and less)||$23.00/month|
|Base Rate - Large (over 400 Amps)||$28.00/month|
|All kWh over 1500||$0.059/kWh|
Net-metered accounts are available to members of the Cooperative for residential, small commercial, farm, and ranch services and are subject to its established rules and regulations. Service in this rate class is limited to single-phase consumers requiring not more than 50 KVA of installed transformer capacity. New demand rate is highlighted below
Each year in April, any excess generation zeroed out at true up.
|Base Rate - Small (service less than 400 Amps)||$32.00|
|Base Rate - Large (services above 400 Amps)||$63.00|
|All over 1500 kWh||$0.059/kWh|
This rate is available to members for seasonal irrigation, located adjacent to the Cooperative's power lines. It is billed from May 1st through October 31st. A charge of $19.00 per horsepower per season will be billed in April of each year. In no case will the annual minimum be less than $190.00 for a single phase and $380.00 for a three-phase installation.
No Capital Credits will be paid on this category of service unless it provides margin to the whole of the Cooperative.
|First 500 kWh||$0.068/kWh|
|All kWh over 500||$0.053/kWh|
Availability: Available to three phase commercial, small industrial consumers, residential, and farm and ranch consumers for all uses including lighting, appliances, cooking, heating, and motors, all subject to the established rules and regulations of the association covering this service.
Consumers having their home on the same premises with their business establishment, may include service to both with the same meter.
Single phase consumers requiring more than 50 KVA of transformer capacity will be served under this rate schedule.
The standard service minimum on all commercial services shall be the applicable base rate plus $.75 per kVA.
|Over 3000 kWh||$0.06/kWh|
|Over 3000 kWh||$0.06/kWh|
Outdoor lights are available to all members of the Cooperative being served under Residential, Commercial and Irrigation Schedules. Please call out Operations Department for more information if you are interested in having one of these installed. (406) 222-7778
- 57 LED Watt
$10/month lease fee
Lights must be leased for a minimum of one year to cover installation on the transformer or meter pole. Beginning in 2015 any light needing repairs or replacement will be replaced with a 57 Watt LED light. Please click here to see our outdoor light page for more information
Availability: Available to members of the Cooperative, 60 years of age or older who meet LIEAHP eligibility guidelines on a first come first serve basis for residential services subject to its established rules and regulations.
Funding is limited to 50% of Park Electric Cooperative's USBP low income financial requirement. Park Electric may establish different eligibility criteria in subsequent years if funding is inadequate to meet demand. This is to ensure maximum benefit to the maximum number of eligible applicants.
Service on this schedule is limited to single phase consumers not requiring more than 50 KVA of installed transformer capacity.
Get the discounted rate
To apply for the Senior Rate please download and return the following form to Park Electric.
|Over 1500 kWh||$0.059/kWh|