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Rates

 

Updated April 29 (May Usage) 
Residential Service

 

Customer Charge per month (Rate 1)

$30.00 per month

Energy Charge

*Power Cost Adjustment (add)

All kilowatt hours

$0.0948 per kwh

$0.00  per kwh

General Service, Non-Demand

Customer Charge

Single-Phase Service (Rate 2)

$30.00 per month

Three-Phase Service (Rate 2.1)

$72.00 per month

Energy Charge

*Power Cost Adjustment (add)

All kilowatt hours

$0.0985 per kwh

$0.00 per kwh 

General Service, Demand (25 KW or higher)

Customer Charge

(Rate 3.1) Single Phase

$40.00 per month

(Rate 3.0) Three Phase

$75.00 per month

Demand Charge

All KW of Billing Demand per month

$5.80 per KW

Energy Charge

*Power Cost Adjustment (add)

First 200 hours use of Billing on Demand

$0.0900 per kilowatt hour

$0.00 per kwh 

Over 200 hours use of Billing on Demand

$0.0725 per kilowatt hour

$0.00 per kwh

Large Power (300 KW or higher)

Customer Charge

(Rate 4.0)

$135.00 per month

Demand Charge

All KW of Billing Demand per month

$7.85 per KW

Energy Charge

*Power Cost Adjustment (add)

First 200 hours use of Billing on Demand

$0.0800 per kilowatt hour

$0.00 per kwh 

Over 200 hours use of Billing on Demand

$0.0625 per kilowatt hour

$0.00 per kwh 

*Power Cost Adjustment 
What is Power Cost Adjustment (PCA)? It's a pricing mechanism allowed by law for utilities like Noble REMC to recover changes in the wholesale cost of power—primarily increased or decreased cost of fuel(s) for operating power plants that generate electricity for you. In Indiana, these fuels are primarily coal and natural gas. Market conditions have made these fuels more volatile in price in recent years.

The amount computed at the above Monthly Rate shall be adjusted plus or minus by an amount calculated in accordance with the formula specified in the REMC’s Appendix PCA - Power Cost Adjustment which is a part of the “Monthly Rate” of this rate schedule.

The PCA allows REMC to recover these increases (or return decreases) without undergoing the lengthy and costly process of a rate study each time fuel costs fluctuate. The power cost adjustment is always brought before the Noble REMC Board of Directors for approval or disapproval. The PCA is for fuel adjustments and not for local operations of the REMC.

Renewable Energy
Noble REMC offers members a Net Billing rate for member-owned generation such as wind and solar. Click here for the agreementapplication, and rate information. If you have questions or need more information, please contact our Energy Advisor, Rex Shisler at 800.933.7362.

Billing Options
With six billing options available, you're sure to find a solution that's just right for your budget.

Click here to review our billing options.
 

Outdoor Area Lighting Rate (40 watt Light Emitting Diode LED)
$9.75 per light per month
Repair service is included in the charge. These lights do not run through your meter.

Residential Member Deposit
Pursuant to the following rules, the REMC may require a member deposit as condition of electric service.

  1. The REMC shall determine the members creditworthiness using a credit report prepared by a reporting agency contracted by the REMC.
  2. Based on the credit report, the REMC will determine the amount of the deposit as follows
          a. No Credit Risk: Deposit Waived
          b. High Credit Risk: $175.00 Deposit
          c. Moderate Credit Risk: $125.00 Deposit
          d. Disconnects for nonpayment (1st Occurrence):  $175.00 Deposit
              (2nd & Subsequent Occurences): Additional $75.00 to Maximum $1,000 Deposit
  3. If credit information is not available from the credit reporting agency, the REMC will collect a deposit of $125.00. If the member provides the REMC a satisfactory letter of credit (minimum 12 month history) from its most recent electric utility, the REMC will refund the deposit on the next monthly billing.
  4. If the REMC disconnects service to a member for nonpayment and/or meter tampering, it shall require a deposit equal to one sixth (1/6) of the estimated annual billings to the member.
  5. Upon satisfactory payment by the member of all proper charges for REMC service for a period of 12 consecutive months, the member’s creditworthiness shall be established and the REMC shall refund the deposit to the member.
  6. If the REMC has not already returned the deposit, it shall return the deposit by credit to the members final bill.
  7. The REMC shall apply these terms and conditions uniformly to all members.

Commercial Member Deposit (New and existing service locations)
Pursuant to the following rules, the REMC may require a member deposit as condition of electric service.

  1. A deposit equal to 1/6 of the estimated annual electric bill may be required unless a member presents the REMC with a good credit history or references from two previous utility service providers or equivalent. A bank letter of credit may be presented in place of a deposit for the above deposit amount. The member shall provide such written documentation within 10 days of the initial service agreement.
  2. The REMC also reserves the right to require a deposit if the account ever becomes 20 days past due. The amount of deposit will be equal to 1/6 of the estimated annual electric bill and is due within 15 days of notification of deposit due.
  3. Deposits will remain with the REMC for no less than 30 months of non-delinquent payment history. Late payments during that time will result in the deposit being extended.
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