Rate increase for 2018
As was reported at the 2017 Clay Electric Co-operative, Inc. Annual Meeting of Members, there was an increase in rates beginning on January 1, 2018. This increase was reflected on your February billing. The rate increase was not the 4 percent expected, as announced at the Annual Meeting. Instead, the monthly minimum, fixed charge increased $1.50, and the kilowatt hour (kWh) rates increased 1.5 percent.
The increase was due to a wholesale rate increase, caused by the challenges that Southern Illinois Power Cooperative, (SIPC) Clay Electric’s power supplier, faces.
Clay Electric offers different payment options that may help you. We offer Budget Billing, which averages your monthly payments based on billing history. American Clearing House (ACH) bank draft payments, you still receive the same bill card, but your payment is made on the due date of the bill (the 24th) and taken right from your checking account, Online Bill Pay, Credit and Debit cards and e-checks, using one of these methods you can call the office and pay on the phone. If you have any questions on the different options, just call and we will be happy to explain the process.