Tipmont's objective is to provide safe and reliable electric service to its members. Our rate structure reflects the cooperative's delivery and power supply costs. As a not-for-profit electric cooperative, any profits are returned to Tipmont members through Capital Credits.
How we Calculate Residential Bills
Most Tipmont residential members fall under Rate 1, Single-Phase Service, defined as having a monthly demand of 50 kW or less. Here is how your residential bill is calculated:
| Charge | Rate | Cost |
|---|---|---|
| Miscellaneous Charges on your monthly bill may include, but are not limited to, reconnect fee, returned payment fee, trip fee, etc. For a full schedule of fees, please see our rate tariff. | ||
| kWh charges: 1,200 | $0.1153 | $138.36 |
| Power cost adjustment | $0.004928 | $5.91 |
| Service charge | $38.00 | $38.00 |
| Indiana Sales Tax | 7% | $12.76 |
| Total Bill | ... | $195.03 |
Rate Schedules
RATE 1 / SINGLE-PHASE (RESIDENTIAL)
Rate 1 / Single Phase Service is available to to any Tipmont REMC member for general use with a monthly demand of 50 kW or less and for which no other specific rate is applicable.
| Charge | Rate |
|---|---|
| kWh charge | $0.1153 |
| Service charge (per meter) | $38.00 |
Rate 1 / Single-Phase Residential includes PrePay rates
RATE 1 / SINGLE-PHASE (RESIDENTIAL) - TIME OF USE (TOU)
Rate 1 / Single Phase Service Time of Use is available to to any Tipmont REMC member for general use with a monthly demand of 50 kW or less and for which no other specific rate is applicable.
| Charge | Rate |
|---|---|
| Service Charge (per meter) | $38.00 per month |
| On-Peak kWhs | $0.2511 per kWh |
| Off-Peak kWhs | $0.0817 per kWh |
Time-of-Use rate plans are an option to help you save money on your electric bill by offering offer lower energy rates when energy demand is low.
RATE 3 / MULTI-PHASE SERVICE
Schedule 3 Multi-Phase Service is available to any member of Tipmont Rural Electric Membership Corporation (REMC) for general use with a maximum monthly demand of 50 kW or less and for which no other specific rate is applicable.
| Charge | Rate |
|---|---|
| Service charge (per meter) | $83.50 per month |
| kWh charge | $0.1153 per kWh |
RATE 3 / MULTI-PHASE SERVICE - TIME OF USE (TOU)
Rate 3 Multi-Phase Service is available to any member of Tipmont Rural Electric Membership Corporation (REMC) for general use with a maximum monthly demand of 50 kW or less and for which no other specific rate is applicable.
| Charge | Rate |
|---|---|
| Service charge (per meter) | $83.50 per month |
| Off-Peak kWh charges | $0.0817 per kWh |
| On-Peak kWh charges | $0.2511 per kWh |
On-Peak / Off-Peak Hours:
The On-Peak Hours are 2:00 p.m. - 8:00 p.m. Eastern Standard Time on Monday through Friday excluding holidays listed below.
Excluded holidays:
- New Year's Day
- Memorial Day
- Independence Day
- Labor Day
- Thanksgiving Day
- Christmas Day
RATE 4 / TRANSMISSION VOLTAGE SERVICE
Rate 4 is available to any member of Tipmont Rural Electric Membership Corporation (REMC) for large power service with a demand of 1,000 kW or more and for service of greater than 12,500 volts. The service location must be adjacent to a substation or transmission line controlled by the REMC and suitable for supplying the required service.
| Charge | Rate |
|---|---|
| Service charge (per meter) | $383.50 per month |
| kWh charge | $0.0531 per kWh |
| Maximum kW Billing Demand used per month | $2.12 per kW |
| Maximum On-Peak kW Billing Demand used per month | $14.70 per kW |
RATE 7 / LOW LOAD FACTOR
Rate 7 is available to any member of Tipmont Rural Electric Membership Corporation (REMC) for general power service with a monthly demand of 50 kW or more and a 12-month average load factor of 20% or below. The service must be located adjacent to an electric transmission or distribution line of the REMC that is adequate and suitable for supplying required service. This schedule is not available for supplemental or standby service.
| Charge | Rate |
|---|---|
| Service charge (per meter) | $83.50 per month |
| kWh charge | $0.1153 per kWh |
| Maximum kW Billing Demand used per month | $5.43 per kW |
RATE 7 / LOW LOAD FACTOR – TIME OF USE (TOU)
Rate 7 is available to any member of Tipmont Rural Electric Membership Corporation (REMC) for general power service with a monthly demand of 50 kW or more and a 12-month average load factor of 20% or below. The service must be located adjacent to an electric transmission or distribution line of the REMC that is adequate and suitable for supplying required service. This schedule is not available for supplemental or standby service
| Charge | Rate |
|---|---|
| Service charge (per meter) | $83.50 per month |
| Off-Peak kWh charges | $0.0679 per kWh |
| On-Peak kWh charges | $0.0694 per kWh |
| Maximum kW Billing Demand used per month | $4.23 per kW |
| Maximum On-Peak kW Billing Demand used per month | $15.38 per kW |
On-Peak / Off-Peak Hours:
The On-Peak Hours are 2:00 p.m. - 8:00 p.m. Eastern Standard Time on Monday through Friday excluding holidays listed below:
- New Year’s Day
- Memorial Day
- Independence Day
- Labor Day
- Thanksgiving Day
- Christmas Day
RATE 8 / LARGE SERVICE (50kW - 1,000kW)
Rate 8 is available to any member of Tipmont Rural Electric Membership Corporation (REMC) for general power service with a monthly demand of 50 kW or more and who is located adjacent to an electric transmission or distribution line of the REMC that is adequate and suitable for supplying required service. This schedule is not available for supplemental or standby service.
| Charge | Rate |
|---|---|
| Service charge (per meter) | $113.50 per month |
| kWh charges | $0.0634 per kWh |
| Maximum kW Billing Demand used per month | $16.48 per kW |
RATE 8 / LARGE SERVICE (50KW – 1,000KW) – TIME OF USE (TOU)
Available as an optional rate to any member of Tipmont Rural Electric Membership Corporation (REMC) for general power service with a monthly demand of 50 kW or more and who is located adjacent to an electric transmission or distribution line of the REMC that is adequate and suitable for supplying required service. This schedule is not available for supplemental or standby service.
| Charge | Rate |
|---|---|
| Service charge (per meter) | $113.50 per month |
| Off-Peak kWh charges | $0.0609 per kWh |
| On-Peak kWh charges | $0.0720 per kWh |
| Maximum kW Billing Demand used per month | $4.86 per kW |
| Maximum On-Peak kW Billing Demand used per month | $15.29 per kW |
On-Peak / Off-Peak Hours:
The On-Peak Hours are 2:00 p.m. - 8:00 p.m. Eastern Standard Time on Monday through Friday excluding holidays listed below:
- New Year’s Day
- Memorial Day
- Independence Day
- Labor Day
- Thanksgiving Day
- Christmas Day
RATE 9 / LARGE SERVICE (1,000KW+)
Rate 9 is available to any member of Tipmont Rural Electric Membership Corporation (REMC) for large power service with a demand of 1,000 kW or more and who is located adjacent to a substation, transmission line or distribution line of the REMC that is adequate and suitable for supplying required service. This schedule is not available for supplemental or standby service.
| Charge | Rate |
|---|---|
| Service charge (per meter) | $258.50 per month |
| kWh charges | $0.0590 per kWh |
| Maximum kW Billing Demand used per month | $20.23 per kW |
RATE 9 / LARGE SERVICE (1,000 KW+) - TIME OF USE (TOU)
Available to any member of Tipmont Rural Electric Membership Corporation (REMC) for large power service with a demand of 1,000 kW or more and who is located adjacent to a substation, transmission line, or distribution line of the REMC that is adequate and suitable for supplying required service. This schedule is not available for supplemental or standby service.
| Charge | Rate |
|---|---|
| Service charge (per meter) | $258.50 per month |
| Off Peak kWh charges | $0.0567 per kWh |
| On Peak kWh charges | $0.0685 per kWh |
| Maximum kW Billing Demand used per month | $7.34 per kW |
| Maximum On-Peak kW Billing Demand used per month | $15.29 per kW |
On Peak / Off Peak Hours:
The On-Peak Hours are 2:00 p.m. - 8:00 p.m. Eastern Standard Time on Monday through Friday excluding holidays listed below:
- New Year’s Day
- Memorial Day
- Independence Day
- Labor Day
- Thanksgiving Day
- Christmas Day
RATE SG / SEWAGE GRINDER - SINGLE-PHASE
Available to any member of Tipmont Rural Electric Membership Corporation (REMC) for use in a sewage system providing power to sewage grinders with a motor size equal to or less than one horsepower and for which no other specific rate is applicable. This rate assumes that the member has funded 100% of the infrastructure installation costs.
| Charge | Rate |
|---|---|
| Service charge (per meter) | $8.00 per month |
| kWh charges | $0.1153 per kWh |
The minimum monthly charge under this rate schedule shall be the "Service Charge."
SCHOOLS (SCHEDULE S)
Available to public schools in the Tipmont REMC service area for general power service with a monthly demand of 50 kW or more. Not more than 25% of the monthly peak demand is in the on-peak billing window as indicated below over the most recent 12-month period. Service must be located adjacent to an electric transmission or distribution line of the REMC that is adequate and suitable for supplying required service. This schedule is not available for supplemental or standby service.
| Charge | Rate |
|---|---|
| Service charge (per meter) | $108.50 per month |
| kWh charges | $0.0626 per kWh |
| Maximum kW Billing Demand used per month | $11.81 per kW |
SCHEDULE SL - SECURITY AND STREET LIGHTING
Available to any member of Tipmont Rural Electric Membership Corporation (REMC) for continuous, year-round service for outdoor photocell-controlled lighting.
Tipmont offers LED lighting options in both security and street lighting. Photoelectric controlled outdoor lighting and poles conforming to the REMC’s specifications. Service will be rendered only at locations that are, in the REMC’s sole opinion, readily accessible for maintenance purposes and installed on the REMC's property. The cost of the lighting equipment and its electrical operation maintenance are included in the service.
| Fixture Description | Wattage | Monthly Rate |
|---|---|---|
| LED Open Bottom | 40 | $9.49 |
| LED "Cobra Head" | 100 | $11.60 |
| LED Directional Flood | 130 | $13.34 |
| Fixture Description | Wattage | Monthly Rate |
|---|---|---|
| LED Contempo | 70 | $13.68 |
| LED "Colonial" | 45 | $12.38 |
| LED "Acorn" | 60 | $16.61 |
Other Fees
| Member Owned Security Lights | Fee |
|---|---|
| Maintenance Fee | $50.00 |
| The maintenance provided is limited to bulb and photocell replacements and the member must provide all necessary material. The maintenance trip fee will apply whether or not the Cooperative is able to repair the light. The Cooperative will not maintain inventory to repair member owned security lights. | |
| Member Requested Security Light Exchange | Fee |
|---|---|
| Retirement Fee | $75.00 |
| If a member requests a light to be exchanged with another light option, the member is required to pay for the costs associated with the retirement of the existing security light and the new light tariff will be applied. | |
SHD 1 / SEASONAL HIGH DEMAND - SINGLE-PHASE
Available to any member of Tipmont Rural Electric Membership Corporation (REMC) with a Single-Phase Seasonal High Demand service, i.e., grain bin and irrigation services. Service must be located adjacent to an electric transmission or distribution line of the REMC that is adequate and suitable for supplying the required service.
| Charge | Rate |
|---|---|
| Service charge (per meter) | $38.00 per month |
| kWh charges | $0.1153 per kWh |
| Maximum kW Billing Demand used per month (over 50kW) | $16.65 per kW |
SHD 2 / SEASONAL HIGH DEMAND - MULTI-PHASE
Available to any member of Tipmont Rural Electric Membership Corporation (REMC) with a Multi-Phase Seasonal High Demand service, i.e., grain bin and irrigation services. Service must be located adjacent to an electric transmission or distribution line of the REMC that is adequate and suitable for supplying the required service.
| Charge | Rate |
|---|---|
| Service charge (per meter) | $83.50 per month |
| kWh charges | $0.1153 per kWh |
| Demand (over 50kW) | $11.65 per kW |
SCHEDULE CS - COMMUNITY SOLAR
Available as an added feature to any standard rate tariff. Participants must be a member of Tipmont Rural Electric Membership Corporation (REMC) and have an active electric service. Availability is subject to the limitation of available shares (240).
Tipmont offers a remote community solar installation where production from one or more solar panels can be allocated to participating members. Energy produced from member’s share(s) will replace equal amount of energy consumed at member’s service location. Production amount will be billed to member at the specified monthly rate below in lieu of their current rate structure.
| Charge | Rate |
|---|---|
| All kWh produced per month | $0.1567 per kWh |
What is the PCA?
The Power Cost Adjustment (PCA) is calculated each month and allows Tipmont's monthly rates to stay consistent rather than changing every time the generation cost of energy fluctuates.
Learn more