The City Council herewith adopts new electric rates and herewith sets forth the following electric rate schedule to be effective January 15, 2016. Said rates to be billed with the billing due in February based on the January 15, 2016 readings.
City of West Liberty electric rates for each month for the use of electricity from the Municipal electric system shall be as follows:
A. Residential Customers: This schedule is available to any residential customer with a permanent residence at a point on the Municipal utility's existing secondary distribution lines within the area served by the municipal utility.
New Rate | ||
Customer facility charge | $25.00 | |
Plus energy charge (kWh): | ||
For all kWh | 10.31¢/kWh | |
B. Commercial Consumers: This schedule is available to any commercial customer using standard electric service for lighting, power and/or other incidental service on one (1) meter and one (1) service at a point on the municipal utility's existing secondary distribution lines within the area served by the municipal utility.
120 volt single phase, 120/240 volt 3-phase 3-wire delta, 120/208 volt three phase four wire wye, shall be available at this rate schedule.
New Rate | ||
Customer facility charge | $50.00 | |
Plus energy charge (kWh): | ||
For all kWh | 10.35¢/kWh | |
C. Large Industrial Consumers: This schedule is available to any commercial customer using standard electric service for lighting, power and/or other incidental service on one (1) meter and one (1) service at a point on the municipal utility's existing secondary distribution lines within the area served by the municipal utility. Customers using this schedule shall have any total measured demand.
New Rate | ||
Customer facility charge | $100.00 | |
Monthly demand charge (kW) | 10.52/kW | |
Plus energy (kWh): | ||
For all kWh | 7.64¢/kWh | |
D. All energy charges, above stated, are subject to a Cost of Purchased Energy (P.E.I.) Index, as hereinafter stated:
Additional Provisions
1. These rates are based upon a Cost of Purchased Energy Index of $0.067 per kWh, and shall be increased or decreased by a purchased power adjustment equal to the amount by which the average cost of power sold in the preceding six (6) purchase billing periods by the West Liberty Municipal Utility is greater or less than $0.067 per kWh. The cost of power sold used in determining the Purchased Energy Index (P.E.I.) shall include repair and maintenance costs incurred to generating equipment at the Municipal power plant. This change is effective for the bills due April 15th, 2023, including the reads from February 15th to MArch 15th, 2023, March billing.
2. These rates are based upon a power factor of not less than 90% lagging. Demand charges shall be increased 1-1/2% for each 1% by which the customer's power factor is less than 90% lagging. The City shall have the right to install, at the expense of the customer, any facilities necessary to bring the customer's power factor to not less than 90% lagging, or to require the customer to install such facilities within 60 days after receiving notice to do so.
3. The billing demand shall be the sum of the highest 15-minute demand.
4. The utility may supply large power service pursuant to provisions of a written contract.
5. For all non-demand metered rates, the charges are subject to an annual operations adjustment. Commencing with the first billing date for each customer after July 15th, 2023, meanding August billing due September 15th and each year thereafter following the same timeline, there shall be a five (5) percent increase to the customer service charge and a five (5) percent increase to the difference between the energy charge and the base energy charge of $0.067/kWh as defined in the PEI.
6. For all demand metered rates; the charges are subject to an annual operations adjustment. Commencing with the first billing date for each customer after July 15th of each year, there shall be a five (5) percent increase to the customer service charge and a five (5) percent increase to the difference, if positive, between the energy charge per kWh and a demand metered base energy charge between the energy charge and the base energy charge of $0.0436/kWh. 2022-2023 changes will be implemented for February 15th - March 15th, 2023, readings, due April 15th, 2023.
G. Adjustments: The Cost of Purchased Energy Index as stipulated in Section IV(1) of this ordinance may be adjusted upward or downward, by adding or deducting the like amount to the electric energy rates in Section III of this ordinance, to provide the net effect that the amended rates will have no additional costs added or deducted due to the Cost of Purchased Energy Index, for the next succeeding billing period, when such action is deemed advisable by the City.
H. Effective Date: This ordinacne shall be in full force and effective beginning July 15, 2023. All electric bills due on that date and thereafter to be payable monthly and based so far as possible upon monthly readings by a duly authorized representative of the City of West Liberty, Iowa.
(Ord. 20230307-02 - Sep. 2023 Supp.)