Residential Service                      Full Rate Schedule

Residential Service

General Service, Non-Demand              Full Rate Schedule

General Service, Non-Demand

General Service, Demand (25 kW or higher)          Full Rate Schedule

General Service, Demand

Large Power (300 kW or higher)           Full Rate Schedule

Large Power

What is the "fixed monthly charge"?

The fixed monthly charge is a monthly investment that helps us cover the expenses of maintaining the overall electric system. Combatting cyber security threats and maintaining poles, wires, substations and co-op equipment takes strategic planning and significant resources. The fixed monthly charge essentially ensures that all equipment operates properly and staff is trained and ready so the lights turn on when you need them.

As a not-for-profit electric cooperative, we believe the operational costs should be spread fairly and equitably across all of our members, regardless of the level of electricity use. That is why every member pays the fixed monthly charge each month to cover basic operational costs. 

Your monthly investment ensures you have access to safe, reliable and affordable power when you need it. We appreciate and value the investment that you make in the co-op each month, and we strive to use that investment wisely for the benefit of all members of our community.

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.

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:
    1. No Credit Risk: Deposit Waived
    2. High Credit Risk: $175 Deposit
    3. Moderate Credit Risk: $125 Deposit
    4. Disconnects for Nonpayment (First Occurrence): Deposit equal to the average monthly use for the last 12 months, multiplied by two and rounded to the nearest $5,
      1. Disconnects for Nonpayment (Second and Subsequent Occurrences): Additional $75 to a Maximum Deposit of $1,300.
  3. If credit information is not available from the credit reporting agency, the REMC will collect a deposit of $125. 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 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 member's 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 one-sixth 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 one-sixth 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.