As of June 1, Tipmont is no longer a member of Wabash Valley Power Alliance (WVPA), our longtime power supplier. Tipmont is now a WVPA customer. What’s the difference? Moving forward, Tipmont will purchase power supply from WVPA in quantities that annually decrease to zero in 2032.
To meet Tipmont’s transitional power supply needs, we’ve partnered with NextEra, one of the top energy marketers in the country. Through NextEra, Tipmont will have 24/7 access to a broad range of innovative and cost-effective products and over 300 highly skilled experts in trading, asset operations, market research and risk management.
This achievement required considerable time and effort, but I am optimistic about Tipmont’s access to a competitive wholesale power market, which improves long-term stability and enhances flexibility for power sources.
Embracing a new power supply partner is not just about staying ahead. It’s about leading the way, and Tipmont’s board of directors has made an outstanding selection in NextEra. We’ll share more in upcoming editions of Indiana Connection and at our 2025 Annual Meeting on Saturday, Sept. 13.
However, I am equally enthused about what will not change— the reliability and service you expect from Tipmont, as well as the reasons why your ownership of this cooperative matters. Your board fought for you because Tipmont is your co-op. You elect its board of directors. Control of Tipmont’s future should rest with you and those who represent you, plain and simple.
Optimizing Tipmont’s time-of-use (TOU)
One exciting aspect of Tipmont’s newfound flexibility is optimizing our time-of-use (TOU) rate plans because when you use energy is as important as how much of it you use.
The energy Tipmont purchases and distributes to your home is sold at different prices depending on usage volume and the time of day. When usage is higher, at times known as on-peak hours, the energy Tipmont purchases costs more. Tipmont’s current on-peak hours are 2 to 8 p.m. weekdays. During the other 18 hours of each weekday (and on weekends and holidays), the energy Tipmont purchases costs less.
Most of you pay a flat rate to Tipmont for the energy you use. On a TOU rate plan, you pay lower rates when energy demand is low and higher rates from 2 to 8 p.m. weekdays when energy demand is high. Shifting the bulk of your energy use to off-peak times at lower rates on a TOU plan could reduce your monthly energy bill. It can also ease demand on Tipmont’s system, which creates long-term savings. (Learn more at tipmont.com/tou.)
Tipmont’s TOU rate plan is not new, but our increased independence positions us to improve it in ways that can make it ideal for more members to use. What would make you more likely to switch to a TOU rate plan? Are there any additional features you would like us to consider? Please share your suggestions with me by emailing ceo@tipmont.com.
