The Powder River Energy Corporation (PRECorp) Board has approved a Cost of Power Adjustment (COPA) for implementation in January 2024.

The COPA is a mechanism to recoup or return changes in the wholesale cost of power that PRECorp pays to Basin Electric Power Cooperative from the previous year and weave in anticipated changes in the wholesale power cost in the coming year.

This is a separate line item that appears on electric bills each month and is calculated as an addition or reduction to the base rate charges, which is related to the actual cost of purchasing wholesale power.

PRECorp’s power cost was nearly 100% of forecast in 2023 and there is a small change in the cost of power expected in 2024, so the changes to the COPA will be negligible on members’ bills across the rate classes.

A residential member using an average of 1,200 kWh per month, will see an average monthly decrease of $2.40 beginning with their February bill from January usage. Commercial accounts using a monthly average of 1,700 kWh per month will notice a decrease of $3.40 per month.

Members can calculate the impact of the COPA for 2024 by using the rate calculators at www.precorp.coop/rate-calculators.

(Please note that local taxes and municipal franchise fees are not included in the rate calculators’ totals.)