Charges on Your Bill with Power Smart Pricing

All residential electric service bills include three main sections: 1.) DS-Residential (DS-1), 2.) Taxes, and 3.) Electric Supply.

Some of the individual line items and charges are the same for both customers enrolled in Power Smart Pricing and for customers on the standard residential rate. Some line items are different, or are calculated based on different rates. Below, you will find more information about the line items on your bill, and how the charges for Power Smart Pricing customers differ from the charges for customers on the standard residential rate.

1. DS-Residential (DS-1)

The DS - Residential (DS-1) section will include a Rider PSP - Power Smart Pricing notation, but the charges will be the same for both Power Smart Pricing customers and customers on the standard residential rate.

2. Taxes

The Taxes section will be the same for both Power Smart Pricing and the standard residential rate.

3. Electric Supply

The Electric Supply section will change from Basic Generation Service (BGS-1) to Real-Time Pricing (RTP-1). Some of the charges in this section will remain the same on RTP-1, and others will change or will be calculated differently. The following line items will appear on your RTP bill.

The Market Value Adj and the Rider PER Supply Cost Adj charges will remain the same on RTP-1 and on BGS-1.

The General Assembly Rate Relief Credit will remain the same

The Summer (or Non-Summer) Energy Charge that appears on the BGS-1 bill will be replaced by two charges: the Day Ahead Energy Charge and the RTP Supplier Charge.

The Day Ahead Energy Charge will be the sum of your hourly electricity use multiplied by the corresponding hourly prices. You can log in to your online account anytime to view details about your hourly electricity usage.

The RTP Supplier Charge covers the costs of the additional services required for providing electricity. This charge typically equals 10 to 25 percent of the Day Ahead Energy Charge, but could be more. (On BGS-1 bills this charge is included in the Energy Supply Charge.) Normally this charge is higher during the summer than during the non-summer months. Your individual RTP Supplier Charge is based on both market rates and on your individual electricity use during the highest demand hour of the billing period. This hour tends to correspond to hours when the price of electricity is highest, so you can reduce your RTP Supplier Charge by using energy wisely during hours when electricity prices are high. Your high price alerts will make it easier to manage both the RTP Supplier Charge and the Energy Charge portions of your bills.

The Transmission Service Charge will be calculated slightly differently for Power Smart Pricing customers and customers on the standard residential rate (BGS-1). As a result, the charge for Power Smart Pricing participants could be higher or lower than it would be on the BGS-1 rate. However the difference is typically less than $0.50 per month. You can reduce your Transmission Service Charge by using energy wisely when electricity demand and prices are high.

The $2.25 Participation Charge will be added to this section.