Rates
Rate Schedule
Billing Rate Terms
Facilities Charge
This is the monthly charge for having electric service available. This is also the minimum monthly bill if no kWh is used. This charge includes investment related cost including poles, wire, transformers and meters at the service location. In addition, expense related cost such as maintenance of investment, billing, collections and customer information are included.
Demand Charge
All meters are equipped to measure the amount of electricity (kW) demanded at any point and time. The maximum demand during the billing period determines the billing demand for that period. The kW demand times the rate equals the demand charge. The demand rate includes the demand cost Ozark Electric pays to its power supplier (KAMO Electric).
Here is a car analogy to explain and understand how demand and consumption relate (see graphic below). The car’s speedometer is like the demand meter. Two cars could travel the same 100-mile road, one at 10 miles per hour for 10 hours and the other at 100 miles per hour for 1 hour. It takes a much more capable and expensive engine to power the car at 100 miles per hour than it does to power the one going only 10 miles per hour.
Energy Charge
All the meters we use are equipped to measure the kWh consumed during the billing period. The kWh times the rate equals the demand charge. The energy rate includes:
kW (kilowatt) - 1000 watts of energy. For example, a 100 watt light bulb demands 100 watts of energy (0.1 kW) when the switch is turned on.
kWh (kilowatt hour) - 1000 watts of energy used over a time period of one hour. For example, a 100 watt light bulb burns for 10 hours equals (1 kWh)