North Itasca Electric Co-operative, Inc

Rate Changes
Effective March 2016 Billing Cycle

At its December board meeting the North Itasca Electric Cooperative Board of Directors approved a rate adjustment effective with the March 2016 billing cycle. Please see the charts below regarding the new rate schedules and examples of how the rates may affect your monthly bill.

 EXISTING     NEW
RESIDENTIAL     
Fixed Charge   $40.00     $43.00
Energy   $0.110     $0.1174
Energy (June-Aug)   $0.130     $0.1374
 
SEASONAL     
Fixed Charge   $40.00     $43.00
Energy   $0.110     $0.1174
Energy (June-Aug)   $0.130     $0.1374
 
SINGLE-PHASE COMMERCIAL     
Fixed Charge   $41.00     $44.00
Energy   $0.110     $0.1174
Energy (June-Aug)   $0.130     $0.1374
 
THREE-PHASE COMMERCIAL     
Fixed Charge   $41.00     $44.00
Energy   $0.110     $0.1174
Energy (June-Aug)   $0.130     $0.1374
 
OUTDOOR LIGHTING     
Monthly Fee   $12.00   No change
CIAC (new)   $100.00   No change
 
WHOLE HOUSE HEAT PUMP (closed)   $0.100   No change
 
ELECTRIC THERMAL STORAGE   $0.047   No change
 
DUAL FUEL   $0.0565   No change
 
INTERRUPTIBLE AC (closed)   $0.063   No change
 
CYCLED AC (monthly credit)   ($7.00)   No change
 
LTD. INTERRUPTIBLE SPACE HEATING (closed)   $0.070   No change
 
LTD. INTERRUPTIBLE WATER HEATING (closed)   $0.070   No change
 
INTERRUPTIBLE IRRIGATION   $0.063   No change
 
WELLSPRING WIND (adder per 100 kwH)   $2.00   No change
 
WELLSPRING SOLAR (New) (adder per 100 kWh)   NA     $2.00
 


HOW WILL THE NEW RATES AFFECT MY MONTHLY BILL?

    Under the Existing Rate   Under the New Rate   Difference
Fixed Charge     $40.00   $43.00   $3.00
kWh USED 700   $77.00   $82.18   $5.18
TAX     $8.04   $8.61   $0.56
TOTAL     $125.04   $133.79   $8.74


Control period schedules


For control period information, see the website below:

Customers on Great River Energy's system: www.greatriverenergy.com

Customers on Beltrami Electric's system: www.beltramielectricooperative.com


Demand Charge:

Under certain load and service conditions, a demand charge may be required.
The first 10 kilowatts of billing demand per month will have no demand charge.
Excess demand over 10 kilowatts will be charged at $3.00 per kilowatt.