Our Single Phase Service Rate is available to farm and home member-consumers for all farm and home uses. It is also available for commercial, industrial and temporary services for all uses including lighting, heating and power.
Current rates are:
• Facility Charge of $21.50
• First 300 kWh per month @ $0.145 per kWh
• Next 200 kWh per month @ $0.098 per kWh
• Over 500 kWh per month @ $0.081 per kWh
The minimum bill is $21.50 per month plus appropriate taxes and franchise fees.
In addition, North West REC is able to offer some reduced rates in special circumstances. Electric heating, cooling and water heating usage all qualify for the lower rate. Increased use of electric energy has helped stabilize rates for all REC members. The improved load factor gives an economical advantage to, and a more efficient use of, our entire system.
The Electric Heat Partial Control Rate is applicable for homes and buildings that have electric heat as their primary heat source without any backup heat source.
• Facility Charge of $2.50
• All-Electric Heat Rate: $.063 per KWh per month for all KWh sold for heating, cooling and water heater usage.
The Interruptible Electric Heat Rate is applicable for homes and buildings that have electric heat as their primary heat source and agree to have a load management switch installed.
• There is a facility Charge of $2.50
• The rate is $.049 per KWh per month for all KWh sold for heating, cooling and water heater usage.
Commercial & Industrial Rates
Rate 42 (3-Phase Energy)
- Facility Charge: $75/month
- First 4,000 kWh per month @ $0.105 per kWh
- Over 4,000 kWh per month @ $0.081 per kWh
Rate 40 (3-Phase Demand & Energy)
- Facility Charge: $75/month
- All kWh @ $0.044 per kWh
- Non-Coin. kW Demand @ $12.90 per kW
The PCA is a separate line item on each North West REC (NWREC) electric bill which reflects the increases/decreases in the Cooperative’s cost of power purchased wholesale from Northwest Iowa Power Cooperative (NIPCO). The cost of the purchased power now represents over 80% of your Cooperative’s operating expenses. NWREC has been using the PCA since April, 2010, due to the monthly and annual fluctuations we are seeing in purchased power costs. It is a method of either collecting from or returning to the members the difference in wholesale purchased power costs compared to the base wholesale rate that was used to establish the current electric rate.
NWREC’s base electric rates became effective June 1, 2015.
The PCA factor for 2021 is 1.2 mills (12/100 of a cent) per kilowatt hour.**
**We shared the good news last fall that the power cost adjustment factor (PCA) was going to be reduced from 1.2 mills to 0 for the last 4 months of 2021 and all of 2022. We were doing this to pass along a $1.2 million bill credit from our power supplier, NIPCO, to our members. We received some more good news at the end of the year when NIPCO gave us another $2.3 million bill credit. The Board of Directors has decided to distribute this to our members through the PCA again. As a result, the PCA will be a credit 3.3 mills for the 12 months of 2022. With these two PCA reductions, our members will be enjoying an overall reduction of 5.5% on their electric rates compared to what they were paying a year ago. We will have further details in the March 2022 newsletter. Another example of the Cooperative difference our members enjoy.