After the winter storm: Bill FAQs - NEC Coop
Feb 19, 2021
Should I expect an increase in my bill?
You can expect a slight increase, but nothing drastic. There are a few components to understanding why:
- Increased kWh usage: heating your home uses nearly twice as much energy as cooling your home.
- We experienced extended periods of temperatures below 30 degrees. If your home is heated to 60 degrees, that 30-degree temperature difference will cause your electric heating to run significantly longer. This increases kWh consumption.
- Natural gas costs increased, in turn, increasing electricity prices.
- Please visit www.smartmetertexas.com to view your daily kWh usage.
Am I on a variable rate?
- Yes. NEC Co-op Energy doesn’t offer a fixed rate for residential members.
- Our power supply contracts are sufficient to keep us out of the ERCOT Wholesale Market, so our members are protected from these cost.
- The only variable pricing component is the changing cost of fuel, which is mostly natural gas.
Why are other companies seeing a huge spike?
- Our power supply contracts were sufficient to meet our members’ needs. We did not have to purchase the increased $9,000/MWh wholesale power resulting from this winter storm event.
What if I cannot afford to pay my electric bill?
- Call us at 855-632-7348 or send an email email@example.com and we will work with you
on a defer payment plan.