$6 Million in Credits Going Back to Members - NEC Coop
Nov 21, 2019 — News
NEC Co-op Energy will be giving back $2.5 million in Capital Credits and $3.5 million dollars in Power Perks to members, for a total of $6 million, starting late November through the end of December.
Capital credits represent each member’s ownership of the cooperative. They are the margins credited (or allocated) to the members of the cooperative based on their purchases from the cooperative the previous year. These margins are used by the cooperative as capital to operate the business for a period of time.
The Power Perks are credited to members based on any remaining funds from our Power Perks Adjustment account, created to offset anticipated spikes in electricity prices during summer months. Members typically receive this bill credit on their December bill, which many enjoy just in time for the holiday season.
Electricity Company in Texas, NEC Co-op Energy offers honest, upfront pricing, no contracts and excellent service—and getting back profits is just one of the many reasons that our members love being part of our co-op.
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Voted #1 Electric Provider
We were recently voted the #1 Electricity Provider by the Corpus Christi Caller-Times’ Best of the Best Awards for the 7th year running!
Benefits of Membership
As a member of our co-op, you’ll enjoy the following benefits:
- You’ll get a share of our profits.
- You won’t be locked into a long-term contract.
- You’ll get a simple, competitive rate with no surprise fees or markups.
- You can get a $50 bill credit for every new member you refer.