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Your energy rates are increasing for reasons beyond our control

Tipmont REMC is a not-for-profit cooperative and we strive every day to manage costs while continuing to provide the reliability and value you deserve.

Tipmont currently purchases the power we deliver to you from Wabash Valley Power Alliance. We recently received notice of an atypical increase to Wabash Valley’s wholesale power costs for all 23 of its co-op customers. Everything about the proposal was unreasonable, from the short amount of time Tipmont was given to consider it to the size of our cost increase — which was $1.13 million through the end of 2021.

At Wabash Valley's July board meeting, all 23 co-ops voted to determine whether the increases would pass. Tipmont voted "NO" alongside six other co-ops who purchase power from Wabash Valley. Unfortunately, the majority vote was "yes." Now, Tipmont has no choice but to increase energy rates to cover this $1.13 million cost forced upon us by Wabash Valley.

We fought this increase because we’re fighting for you, as Tipmont always does. Wabash Valley’s actions only reinforce our resolve to exit our contract and find a new option in the marketplace.

How does the rate change affect me?

Below are the rate changes for each rate class. The majority of Tipmont's members are Rate 1 / Single Phase. If you're not sure which rate class your account is in, it is listed on the back side of your bill. For additional rate class information, please refer to Board Policy 214: Rate Class Assignment and Metering of Demand . Rate Class Assignment and Metering of Demand

RATE 1 / SINGLE PHASE (RESIDENTIAL)

The Rate 1 energy charge for Rate 1 Single Phase (Residential) members will increase from $0.1054 to $0.1099 to effective July 22, 2021.

The Rate 1 service charge is not changing.

  PRIOR TO JULY 22, 2021 EFFECTIVE JULY 22, 2021
Charge Rate Rate
kWh charges $0.1054 $0.1099
Service charge $34.50 $34.50

RATE 1 - TIME OF USE (TOU)

The on-peak and off-peak energy charge for Rate 1 Time of Use (TOU) members will increase effective July 22, 2021. The Rate 1 Time of Use service charge is not changing.

  Prior to July 22, 2021 Effective July 22, 2021
On-Peak kWhs $0.2296 per kWh $0.2395 per kWh
Off-Peak kWhs $0.0747 per kWh $0.0779 per kWh

Chart of residential time of use rates

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RATE 3 / MULTI-PHASE SERVICE

The Rate 3 energy charge for Rate 3 members is increasing from $0.1054 per kWh to $0.1099 per kWh effective July 22, 2021.

The Rate 3 service charge is not changing.

What is Rate 3?

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.

RATE 3 / MULTI-PHASE SERVICE TIME OF USE (TOU)

The The on-peak and off-peak energy charge for Rate 3 Time of Use (TOU) members will increase effective July 22, 2021.

  Prior to July 22, 2021 After July 22, 2021
Off Peak kWhs $0.0747 per kWh $0.0779 per kWh
On Peak kWhs $0.2296 per kWh $0.2395 per kWh

The Rate 3 TOU service charge is not changing.

What is Rate 3, Multi-Phase Time of Use (TOU)?

Rate 3, Multi-Phase Time of Use (TOU) is available as an optional rate to any member of Tipmont Rural Electric Membership Corporation (REMC) for general use with a monthly demand of 50 kW or less and for which no other specific rate is applicable.

RATE 4 / TRANSMISSION VOLTAGE SERVICE

The Rate 4 energy charge is increasing from $0.0486 per kWh to $0.0507 per kWh effective July 22, 2021.

The Rate 4 max kW demand charge is increasing from $1.91 per kW to $1.99 per kW effective July 22, 2021.

The Rate 4 max on-peak kW demand charge is increasing from $13.25 per kW to $13.82 per kW effective July 22, 2021.

The Rate 4 service charge is not changing.

What is Rate 4?

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. 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.

RATE 7 / LOW LOAD FACTOR

The Rate 7 Low Load Factor energy charge is increasing from $0.1054 per kWh to $0.1099 per kWh effective July 22, 2021.

The Rate 7 Low Load Factor demand charge is increasing from $4.89 per kW to $5.10 per kW effective July 22, 2021.

The Rate 7 service charge is not changing.

What is Rate 7?

Rate 7 Low Load Factor 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 less. The service must be located adjacent to an electric transmission or distribution line of Tipmont REMC that is adequate and suitable for supplying required service. This schedule is not available for supplemental or standby service.

RATE 7 / LOW LOAD FACTOR TIME OF USE (TOU)

The energy charge for Rate 7 Time of Use (TOU) members will increase effective July 22, 2021.

The The Rate 7 Time of Use service charge is not changing.

  Prior to July 22, 2021 After July 22, 2021
Off-Peak kWhs $0.0525 per kWh $0.0648 per kWh
On-Peak kWhs $0.0634 per kWh $0.0661 per kWh

The max kW billing demand will increase from $3.82 to $3.98 effective July 22, 2021.

The Max on-peak kW billing demand will increase from $13.86 to $14.46 effective July 22, 2021.

RATE 8 / LARGE SERVICE (50KW - 1,000KW)

The energy charge for Rate 8 Large Service (50kW – 1,000kW) members is increasing from $0.0580 per kWh to $0.0605 per kWh effective July 22, 2021.

The Rate 8 service charge is not changing.

The Rate 8 demand charge is increasing from $14.86/kW to $15.50/kW effective July 22, 2021.

What is Rate 8?

Rate 8 Large Service (50kW – 1,000kW) is available to any member of Tipmont Rural Electric Membership Corporation (REMC) for general power service with a monthly demand of 50kW and that it is located adjacent to an electric transmission or distribution line of Tipmont REMC adequate and suitable for supplying required service. This schedule is not available for supplemental or standby service.

RATE 8 / LARGE SERVICE (50 KW – 1,000 KW) TIME OF USE (TOU)

The energy charge for Rate 8 Time of Use (TOU) members will increase effective July 22, 2021.

  Prior to July 22, 2021 After July 22, 2021
Off-Peak kWhs $0.0557 per kWh $0.0581 per kWh
On-Peak kWhs $0.0659 per kWh $0.0687 per kWh

The max kW billing demand will increase from $4.38 to $4.57 effective July 22, 2021.

The Max on-peak kW billing demand will increase from $13.79 to $14.38 effective July 22, 2021.

The Rate 8 Time of Use (TOU) service charge is not changing.

RATE 9 / LARGE SERVICE (1,000 KW+)

The energy charge for Rate 9 Large Service (1,000kW+) members is increasing from is increasing from $0.0539 per kWh to $0.0562 per kWh effective July 22, 2021.

The Rate 9 service charge is not changing.

The Rate 9 demand charge is increasing from $18.24/kW to $19.02/kW effective July 22, 2021.

What is Rate 9?

Rate 9 is available to any member of Tipmont Rural Electric Membership Corporation (REMC) for large power service with a monthly demand of 1,000 kW or more and that is located adjacent to a substation, transmission line or distribution line controlled by Tipmont that is adequate and suitable for supplying required service. This schedule is not available for supplemental or standby service.

RATE 9 / LARGE SERVICE (1,000KW+) TIME OF USE (TOU)

The energy charge for Rate 9 Time of Use (TOU) members will increase effective July 22, 2021.

  Prior to July 22, 2021 After July 22, 2021
Off Peak kWhs $0.0518 per kWh $0.0540 per kWh
On Peak kWhs $0.0626 per kWh $0.0653 per kWh

The Rate 9 Time of Use service charge is not changing.


The max kW billing demand will increase from $6.62 to $6.90 effective July 22, 2021.

The Max on-peak kW billing demand will increase from $13.69 to $14.28 effective July 22, 2021.

RATE SG / SEWAGE GRINDER SINGLE PHASE

The energy charge for Rate SG Sewage Grinder Single Phase members is increasing from $0.1054 per kWh to $0.1099 per kWh effective July 22, 2021.

The Rate SG per-connection service charge is not changing.

What is Rate SG?

Rate SG is 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.

RATE SDH 1 / SEASONAL HIGH DEMAND - SINGLE-PHASE SERVICE

The energy charge for Rate SDH 1 Seasonal High Demand – Single-Phase Service members is increasing from $0.1054 per kWh to $0.1099 per kWh effective July 22, 2021.

The demand charge for Rate SDH 1 Seasonal High Demand – Single-Phase Service members is increasing from $15.00/kW to $15.65/kW effective July 22, 2021.

The service charge for for Rate SDH 1 Seasonal High Demand – Single-Phase Service members is not changing.

What is Rate SDH 1?

Rate SDH 1 is available to any member of Tipmont Rural Electric Membership Corporation (REMC) with a single-phase seasonal high demand service such as a grain bin and irrigation services. The service must be located adjacent to an electric transmission or distribution line controlled by Tipmont that is adequate and suitable for supplying the required service.

RATE SDH 2 / SEASONAL HIGH DEMAND - MULTI-PHASE SERVICE

The energy charge for Rate SDH 2 Seasonal High Demand – Multi-Phase Service members is increasing from $0.1054 per kWh to $0.1099 per kWh effective July 22, 2021.

The demand charge for Rate SDH 2 Seasonal High Demand – Multi-Phase Service members is increasing from $10.50/kW to $15.95/kW effective July 22, 2021.

The service charge for for Rate SDH 2 Seasonal High Demand – Multi-Phase Service members is not changing.

What is Rate SDH 2?

Rate SDH 2 is available to any member of Tipmont Rural Electric Membership Corporation (REMC) with a multi-phase seasonal high demand service such as a grain bin and irrigation services. The service must be located adjacent to an electric transmission or distribution line controlled by Tipmont that is adequate and suitable for supplying the required service.

RATE S SCHOOLS (SCHEDULE S)

The energy charge for Rate S Schools is increasing from $0.0572 per kWh to $0.0597 per kWh effective July 22, 2021.

The demand charge for Rate S Schools will increase from $10.64 to $11.10 effective July 22, 2021.

The service charge for Rate S Schools is not changing.

Frequently asked questions

Following are questions and answers members commonly ask in regard to rates and their bills. If you have additional questions about your electric bill, please call Member Service at (800) 726-3953 during normal business hours, 8 a.m. - 4:30 p.m. You may also send us an email.

What is my new energy rate?
The residential electric rate, which most members pay, is now $0.1099/kWh.
Is this an atypically high increase?
Yes. Most electric rate increases are around 2%. This one is more than 4%.
Why was this increase higher?
Wabash Valley Power Alliance, from whom Tipmont currently purchases power, raised our remaining 2021 costs by $1.13 million. It also raised the remaining 2021 costs for its 22 other co-op customers.
Did Tipmont or other co-ops have any say in this?
Yes. All 23 co-ops voted on a resolution for the increase at Wabash Valley’s July board meeting.
How did Tipmont vote?
“NO.”
What was the final vote?
16 to 7, in favor of increased costs for all co-ops.
Are other co-ops paying Wabash Valley the same amount as Tipmont?
No. In fact, most are paying significantly lower amounts than Tipmont based on energy usage.
Did Tipmont’s vote carry more weight than those of co-ops paying less?
No. Tipmont’s vote was equal to 22 other co-ops even though our share of the cost increase is not.
Why is Wabash Valley making Tipmont pay more than other co-ops?
Because Tipmont serves more members than most of Wabash Valley’s other co-op customers.
We know our rate increased for 2021. What does that mean for rates in 2022?
We don’t know because 22 other co-ops have an equal say to ours in determining power costs.
Does Tipmont have better options than Wabash Valley?
Yes. Tipmont is actively working to exit our existing contract with Wabash Valley and find a new option in the marketplace — one that prioritizes fairness, flexibility and freedom along with your best interests. Learn more at fightingforyou.tipmont.org
In the meantime, what can I do to save on energy?

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  • Linden, IN 47955
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