At the November 29, 2018 MJM Board Meeting, a decision was made to take another step towards establishing cost-based rates. Cost based rates reflect the cost of providing service to Member homes and businesses, regardless of how many kilowatt hours (kWh) you use. This moves the majority of needed operating revenue away from electric sales and puts it in a fixed cost. It is a more equitable way to distribute the costs associated with serving each group of Members.
A rate change will take effect on January 1, 2019. The bill you receive in February will show the billing period of 01/01/2019 – 01/31/2019 and be billed according to the stated rates below.
A rate calculator has been set up below to see how your bill may or may not differ. This rate change is a revenue neutral rate change for the vast majority of MJM members.