Tipmont Rates
Rates
Tipmont’s objective is to provide safe and reliable electric service to its members. Our rate structure reflects the cooperative’s delivery and power supply costs. As a not-for-profit electric cooperative, any profits are returned to Tipmont members through Capital Credits.
what you pay
How We Calculate Residential Bills
Most Tipmont residential members fall under Rate 1, Single-Phase Service, defined as having a monthly demand of 50 kW or less. Here is how your residential bill is calculated:
| Charge |
Rate Effective May 22, 2024 |
Cost |
|---|---|---|
|
kWh charges 1,200 Kilowatt Hour (kWh) Charges represent the amount of electricity used during the billing period, calculated by multiplying your total kWh usage by the applicable energy rate in the Tipmont Rate Tariff. A kWh is a measurement of energy used over time and the basis for how electric bills are calculated. For the purposes of this example, we are using a bill with 1,200 kWh. |
$0.1165 | $139.80 |
|
Power Cost Adjustment Power Cost Adjustment is an adjustment made to your electric bill to reflect fluctuations in the true cost of power purchased from Tipmont's provider, Wabash Valley Power. The fluctuation is largely caused by changes in the cost of fuel for generation. For the purposes of this example, we are using a Power Cost Adjustment of $0.004384. |
$0.004384 | $5.26 |
|
Service Charge The Service Charge is a fixed monthly fee charged to all Tipmont members to recover the cost of installing and maintaining the minimum equipment needed for members to receive electric service from the cooperative. |
$38.00 | $38.00 |
| Indiana Sales Tax | 7% | $12.81 |
| Total Bill | ... | $195.87 |
Miscellaneous charges on your monthly bill may include, but are not limited to, reconnect fee, returned payment fee, trip fee, etc. For a full schedule of fees, please see our rate tariff.
ELECTRIC SERVICE
Rate Schedules by Class
Rates effective May 22, 2024. For a full schedule of fees, please see our rate tariff.
Rate 1 / Single-Phase Service is available to to any Tipmont member for general use with a monthly demand of 50 kW or less and for which no other specific rate is applicable.
| CHARGE | RATE |
|---|---|
| kWh charge | $0.1165 |
| Service charge (per meter) | $38.00 |
RATE 1 / SINGLE-PHASE RESIDENTIAL INCLUDES PREPAY RATES
| CHARGE | RATE |
|---|---|
| Service Charge (per meter) | $38.00 per month |
| On-Peak kWhs | $0.2537 per kWh |
| Off-Peak kWhs | $0.0825 per kWh |
Time-of-Use rate plans are an option to help you save money on your electric bill by offering offer lower energy rates when energy demand is low.
Schedule 3 Multi-Phase Service is available to any member of Tipmont for general use with a maximum monthly demand of 50 kW or less and for which no other specific rate is applicable.
| CHARGE | RATE |
|---|---|
| Service charge (per meter) | $83.50 per month |
| kWh charge | $0.1165 per kWh |
Rate 3 Multi-Phase Service is available to any member of Tipmont for general use with a maximum monthly demand of 50 kW or less and for which no other specific rate is applicable.
| CHARGE | RATE |
|---|---|
| Service charge (per meter) | $83.50 per month |
| Off-Peak kWh charges | $0.0825 per kWh |
| On-Peak kWh charges | $0.2537 per kWh |
ON-PEAK / OFF-PEAK HOURS:
The On-Peak Hours are 2:00 p.m. – 8:00 p.m. Eastern Standard Time on Monday through Friday excluding holidays listed below.
Excluded holidays:
- New Year’s Day
- Memorial Day
- Independence Day
- Labor Day
- Thanksgiving Day
- Christmas Day
Rate 4 is available to any member of Tipmont for large power service with a demand of 1,000 kW or more and for service of greater than 12,500 volts. The service location must be adjacent to a substation or transmission line controlled by the REMC and suitable for supplying the required service.
| CHARGE | RATE |
|---|---|
| Service charge (per meter) | $383.50 per month |
| kWh charge | $0.0536 per kWh |
| Maximum kW Billing Demand used per month | $2.14 per kW |
| Maximum On-Peak kW Billing Demand used per month | $14.85 per kW |
Rate 7 is available to any member of Tipmont for general power service with a monthly demand of 50 kW or more and a 12-month average load factor of 20% or below. The service must be located adjacent to an electric transmission or distribution line of the REMC that is adequate and suitable for supplying required service. This schedule is not available for supplemental or standby service.
| CHARGE | RATE |
|---|---|
| Service charge (per meter) | $83.50 per month |
| kWh charge | $0.1165 per kWh |
| Maximum kW Billing Demand used per month | $5.49 per kW |
Rate 7 is available to any Tipmont member for general power service with a monthly demand of 50 kW or more and a 12-month average load factor of 20% or below. The service must be located adjacent to an electric transmission or distribution line of the REMC that is adequate and suitable for supplying required service. This schedule is not available for supplemental or standby service.
| CHARGE | RATE |
|---|---|
| Service charge (per meter) | $83.50 per month |
| Off-Peak kWh charges | $0.0686 per kWh |
| On-Peak kWh charges | $0.0701 per kWh |
| Maximum kW Billing Demand used per month | $4.27 per kW |
| Maximum On-Peak kW Billing Demand used per month | $15.53 per kW |
ON-PEAK / OFF-PEAK HOURS:
The On-Peak Hours are 2:00 p.m. – 8:00 p.m. Eastern Standard Time on Monday through Friday excluding holidays listed below:
- New Year’s Day
- Memorial Day
- Independence Day
- Labor Day
- Thanksgiving Day
- Christmas Day
Rate 8 is available to any member of Tipmont for general power service with a monthly demand of 50 kW or more and who is located adjacent to an electric transmission or distribution line of the REMC that is adequate and suitable for supplying required service. This schedule is not available for supplemental or standby service.
| CHARGE | RATE |
|---|---|
| Service charge (per meter) | $113.50 per month |
| kWh charges | $0.0640 per kWh |
| Maximum kW Billing Demand used per month | $16.65 per kW |
Available as an optional rate to any member of Tipmont for general power service with a monthly demand of 50 kW or more and who is located adjacent to an electric transmission or distribution line of the REMC that is adequate and suitable for supplying required service. This schedule is not available for supplemental or standby service.
| CHARGE | RATE |
|---|---|
| Service charge (per meter) | $113.50 per month |
| Off-Peak kWh charges | $0.0615 per kWh |
| On-Peak kWh charges | $0.0727 per kWh |
| Maximum kW Billing Demand used per month | $4.91 per kW |
| Maximum On-Peak kW Billing Demand used per month | $15.44 per kW |
ON-PEAK / OFF-PEAK HOURS:
The On-Peak Hours are 2:00 p.m. – 8:00 p.m. Eastern Standard Time on Monday through Friday, excluding holidays listed below:
- New Year’s Day
- Memorial Day
- Independence Day
- Labor Day
- Thanksgiving Day
- Christmas Day
| CHARGE | RATE |
|---|---|
| Service charge (per meter) | $258.50 per month |
| kWh charges | $0.0596 per kWh |
| Maximum kW Billing Demand used per month | $20.43 per kW |
Available to any member of Tipmont for large power service with a demand of 1,000 kW or more and who is located adjacent to a substation, transmission line, or distribution line of the REMC that is adequate and suitable for supplying required service. This schedule is not available for supplemental or standby service.
| CHARGE | RATE |
|---|---|
| Service charge (per meter) | $258.50 per month |
| Off Peak kWh charges | $0.0573 per kWh |
| On Peak kWh charges | $0.0692 per kWh |
| Maximum kW Billing Demand used per month | $7.41 per kW |
| Maximum On-Peak kW Billing Demand used per month | $15.44 per kW |
ON PEAK / OFF PEAK HOURS:
The On-Peak Hours are 2:00 p.m. – 8:00 p.m. Eastern Standard Time on Monday through Friday, excluding holidays listed below:
- New Year’s Day
- Memorial Day
- Independence Day
- Labor Day
- Thanksgiving Day
- Christmas Day
Available to any member of Tipmont for use in a sewage system providing power to sewage grinders with a motor size equal to or less than one horsepower and for which no other specific rate is applicable. This rate assumes that the member has funded 100% of the infrastructure installation costs.
| CHARGE | RATE |
|---|---|
| Service charge (per meter) | $8.00 per month |
| kWh charges | $0.1165 per kWh |
The minimum monthly charge under this rate schedule shall be the “Service Charge.”
Available to public schools in the Tipmont service area for general power service with a monthly demand of 50 kW or more. Not more than 25% of the monthly peak demand is in the on-peak billing window as indicated below over the most recent 12-month period. Service must be located adjacent to an electric transmission or distribution line of the REMC that is adequate and suitable for supplying required service. This schedule is not available for supplemental or standby service.
| CHARGE | RATE |
|---|---|
| Service charge (per meter) | $108.50 per month |
| kWh charges | $0.0632 per kWh |
| Maximum kW Billing Demand used per month | $11.93 per kW |
| FIXTURE DESCRIPTION | WATTAGE | MONTHLY RATE |
|---|---|---|
| LED Open Bottom | 40 | $9.49 |
| LED “Cobra Head” | 100 | $11.60 |
| LED Directional Flood | 130 | $13.34 |
| FIXTURE DESCRIPTION | WATTAGE | MONTHLY RATE |
|---|---|---|
| LED “Contempo” | 70 | $13.68 |
| LED “Colonial” | 45 | $12.38 |
| LED “Acorn” | 60 | $16.61 |
OTHER FEES
| MEMBER-REQUESTED SECURITY LIGHT EXCHANGE | FEE |
|---|---|
| Retirement Fee | $75.00 |
| If a member requests a light to be exchanged with another light option, the member is required to pay for the costs associated with the retirement of the existing security light and the new light tariff will be applied. | |
Available to any member of Tipmont with a Single-Phase Seasonal High Demand service, i.e., grain bin and irrigation services. Service must be located adjacent to an electric transmission or distribution line of the REMC that is adequate and suitable for supplying the required service.
| CHARGE | RATE |
|---|---|
| Service charge (per meter) | $38.00 per month |
| kWh charges | $0.1165 per kWh |
| Maximum kW Billing Demand used per month (over 50kW) | $16.82 per kW |
Available to any member of Tipmont with a Multi-Phase Seasonal High Demand service, i.e., grain bin and irrigation services. Service must be located adjacent to an electric transmission or distribution line of the REMC that is adequate and suitable for supplying the required service.
| CHARGE | RATE |
|---|---|
| Service charge (per meter) | $83.50 per month |
| kWh charges | $0.1165 per kWh |
| Demand (over 50kW) | $11.77 per kW |
Available as an added feature to any standard rate tariff. Participants must be a member of Tipmont and have an active electric service. Availability is subject to the limitation of available shares (240).
Tipmont offers a remote community solar installation where production from one or more solar panels can be allocated to participating members. Energy produced from member’s share(s) will replace equal amount of energy consumed at member’s service location. Production amount will be billed to member at the specified monthly rate below in lieu of their current rate structure.
| CHARGE | RATE |
|---|---|
| All kWh produced per month | $0.1567 per kWh |
What is the PCA?
The Power Cost Adjustment (PCA) is calculated each month and allows Tipmont’s monthly rates to stay consistent rather than changing every time the generation cost of energy fluctuates.
