SMECO receives approval for rate adjustment
On May 15, 2023, the Maryland Public Service Commission approved SMECO's request to increase its distribution rates (also called the Distribution Charge on your bill) by less than half a cent per kilowatt-hour (kWh) and restructure the rate classes for commercial accounts. The adjustment will result in a monthly increase of approximately $4.85 for a residential member who uses around 1,200 kWh per month, though figures will vary depending on individual usage.
The new rates went into effect for residential members and lighting customers on May 15, 2023. New distribution rates for all other rate classes will go into effect on Thursday, June 1, 2023.
We know customers are sensitive to cost increases and SMECO works hard to control our Distribution Charge while also implementing infrastructure that provides our members with greater control over their bills, more flexibility in how our members do business with the cooperative, and continued reliable service. Electric distribution charges reflect the cost of delivering electricity to your home or business. This includes costs associated with installing and maintaining substations, overhead poles and wires, underground cables, transformers, fleet vehicles, office buildings, and connecting new customers and electrical load, along with the expense associated with restoring electric service following a storm event. This is the first request for an increase to the distribution charge in seven years.
The modest increase to SMECO's electric distribution rates will enable us to continue to provide the level of reliability customers expect and to maintain SMECO's financial integrity.
For more information about the rates and restructuring, please visit https://smeco.coop/straight-talk
On May 15, 2023, the Maryland Public Service Commission approved SMECO's request to increase its distribution rates (also called the Distribution Charge on your bill) by less than half a cent per kilowatt-hour (kWh) and restructure the rate classes for commercial accounts. The adjustment will result in a monthly increase of approximately $4.85 for a residential member who uses around 1,200 kWh per month, though figures will vary depending on individual usage.
The new rates went into effect for residential members and lighting customers on May 15, 2023. New distribution rates for all other rate classes will go into effect on Thursday, June 1, 2023.
We know customers are sensitive to cost increases and SMECO works hard to control our Distribution Charge while also implementing infrastructure that provides our members with greater control over their bills, more flexibility in how our members do business with the cooperative, and continued reliable service. Electric distribution charges reflect the cost of delivering electricity to your home or business. This includes costs associated with installing and maintaining substations, overhead poles and wires, underground cables, transformers, fleet vehicles, office buildings, and connecting new customers and electrical load, along with the expense associated with restoring electric service following a storm event. This is the first request for an increase to the distribution charge in seven years.
The modest increase to SMECO's electric distribution rates will enable us to continue to provide the level of reliability customers expect and to maintain SMECO's financial integrity.
For more information about the rates and restructuring, please visit https://smeco.coop/straight-talk