DOBSON — Members of Surry-Yadkin Electric Membership Corporation will soon notice a difference in their monthly power bills, since lower fuel prices have resulted in a reduction in the cooperative’s wholesale power bills. The savings will be shared through a temporary rate reduction, which will appear as a Wholesale Power Cost Adjustment (WPCA) on bills beginning this month.
The news was announced on Saturday at the electric cooperative’s 75th Annual Meeting by Greg Puckett, executive vice president and general manager at Surry-Yadkin EMC.
“The average member who uses 1,200 kilowatt hours will save about $6 per month, while the membership as a whole will experience total savings of approximately $2 million,” Puckett stated in his speech during the business session.
Surry-Yadkin EMC is a private, not-for-profit electric cooperative that provides service at cost. While investor-owned utilities return a portion of any profits back to their investors, electric cooperatives return excess revenue to their members as financial conditions permit. This distinction will be evidenced by savings cooperative members will see over the next several months.
Finding ways to save money on a power bill can go a long way toward improving the quality of one’s life. Visit syemc.com to review a complete list of rate options, energy management solutions, and efficiency tips to help save more on one’s bill.