NOTICE OF PROPOSED RATE CHANGES

The Town of Stowe Electric Department (“SED”) has recently filed a revised rate design with the Vermont Public Service Board (“Board”). As proposed, these rates will apply to electric service rendered as of April 1, 2015. However, they will not take effect unless approved by the Board. The revised rate design is based on a Class Cost of Service Study that evaluates the relative cost responsibility for each customer class and sets rates accordingly. The revised rate design is revenue neutral with respect to SED’s overall revenue. Individual class rates will change but SED will not experience an overall rate increase.

The Class Cost of Service Study was performed using electric usage data collected from Stowe Electric’s smart meter program. Studying the smart meter data has shown that SED could provide customers a simplified rate structure while still charging customers for their usage in a fair and equitable manner.  As a result, the proposed rates combine certain rate classes that have similar usage characteristics. For example, we will no longer offer a Residential Demand 06 rate. All customers currently charged under this rate will be automatically transitioned to the standard Residential 01 rate.

Stowe Electric has also proposed a new voluntary Time of Use/Critical Peak Pricing rate to better reflect how SED’s costs are incurred and give customers the opportunity to save money on their electric bill. Customers who limit their electricity use during high-priced periods will receive monthly bills that directly reflect those savings. Participating customers who do not change their usage habits will pay roughly the same amount for their usage on an annual basis.

To determine the impact on your individual bill, use the proposed rate column and your average monthly consumption. For example a residential customer using 600 kWh would calculate their bill as follows: 

 

Present Rates

Proposed Rates to take effect

on April 1, 2015

Customer Charge

 

$10.69

 

$13.96

NYPA

150 x $ 0.11812

$17.71

76 x $0.0783

$5.95

kWh

450 x $ 0.16999

$76.49

524 x $0.1611

$84.42

Total Bill

 

$104.89

 

$104.33

                                                                                                                                                                       

Any interested person may examine the tariff filing at the office of the Public Service Board or at the Town of Stowe Electric Department offices during normal business hours. They can also be viewed on the SED website at www.stoweelectric.com/rates. Any questions can be directed to Town of Stowe Electric Department, 56 Old Farm Road, Stowe, VT 05672, or via email This email address is being protected from spambots. You need JavaScript enabled to view it.. They can also be directed to the Vermont Public Service Board, 112 State Street, Montpelier, VT  05620-2701, or via email to This email address is being protected from spambots. You need JavaScript enabled to view it..

Full version of the Notice of Proposed Rate Changes can be found here.

 

                                                                                           

The mission of Stowe Electric Department, a progressive municipal electric utility, is to provide its customers with dedicated, professional service in the most cost effective manner.

 

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