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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.

Effective June 22, 2022, Tipmont REMC’s new residential electric rate (which most members pay) is $0.1137 / kWh — an increase of 3.5%. For the average residential home using 1,200 kWh each month, the monthly bill will increase by about $5.

Once again, the reason is because of unexpected cost increases from our power supplier, Wabash Valley Power Alliance.

In April, Wabash Valley raised Tipmont’s power supply costs to be paid in 2022. Wabash Valley then raised those costs again in May.

When given the opportunity, Tipmont voted “no” to increasing costs.

To minimize the impact of Wabash Valley’s decisions on our co-op members, Tipmont absorbed these cost increases for two months and reduced remaining 2022 budgets. However, we were left no choice but to raise energy rates to account for Wabash Valley’s cost increases.

Learn more about our effort to exit our contract with Wabash Valley Power.

LEARN MORE

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 .

Please refer to our Rate Tariff for the official rate structure and further information.

RATE 1 / SINGLE PHASE (RESIDENTIAL)

The Rate 1 energy charge for Rate 1 Single Phase (Residential) members will increase from $0.1099 to $0.1137 to effective June 22, 2022.

The Rate 1 service charge is not changing.

  PRIOR TO JUNE 22, 2022 EFFECTIVE JUNE 22, 2022
Charge Rate Rate
kWh charges $0.1099 $0.1137
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 June 22, 2022. The Rate 1 Time of Use service charge is not changing.

  Prior to June 22, 2022 Effective June 22, 2022
On-Peak kWhs $0.2395 per kWh $0.2479 per kWh
Off-Peak kWhs $0.0779 per kWh $0.0806 per kWh

Chart of residential time of use rates

Learn More

RATE 3 / MULTI-PHASE SERVICE

The Rate 3 energy charge for Rate 3 members is increasing from $0.1099 per kWh to $0.1137 per kWh effective June 22, 2022.

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 on-peak and off-peak energy charge for Rate 3 Time of Use (TOU) members will increase effective June 22, 2022.

  Prior to June 22, 2022 After June 22, 2022
Off-Peak kWhs $0.0779 per kWh $0.0806 per kWh
On-Peak kWhs $0.2395 per kWh $0.2479 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 $0.0507 per kWh to $0.0525 per kWh effective June 22, 2022.

The Rate 4 max kW demand charge is increasing from $1.99 per kW to $2.06 per kW effective June 22, 2022.

The Rate 4 max on-peak kW demand charge is increasing from $13.82 per kW to $14.30 per kW effective June 22, 2022.

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 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.

RATE 7 / LOW LOAD FACTOR

The Rate 7 Low Load Factor energy charge is increasing from $0.1099 per kWh to $0.1137 per kWh effective June 22, 2022.

The Rate 7 Low Load Factor demand charge is increasing from $5.10 per kW to $5.38 per kW effective June 22, 2022.

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 June 22, 2022.

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

  Prior to June 22, 2022 After June 22, 2022
Off-Peak kWhs $0.0648 per kWh $0.0671 per kWh
On-Peak kWhs $0.0661 per kWh $0.0684 per kWh

The max kW billing demand will increase from $3.98 to $4.12 effective June 22, 2022.

The max on-peak kW billing demand will increase from $14.46 to $14.97 effective June 22, 2022.

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

The energy charge for Rate 8 Large Service (50kW – 1,000kW) members is increasing from $0.0605 per kWh to $0.0626 per kWh effective June 22, 2022.

The Rate 8 service charge is not changing.

The Rate 8 demand charge is increasing from $15.50/kW to $16.04/kW effective June 22, 2022.

What is Rate 8?

Rate 8 Large Service (50kW – 1,000 kW) is available to any member of Tipmont Rural Electric Membership Corporation (REMC) for general power service with a monthly demand of 50kW. 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 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 June 22, 2022.

  Prior to June 22, 2022 After June 22, 2022
Off-Peak kWhs $0.0581 per kWh $0.0601 per kWh
On-Peak kWhs $0.0687 per kWh $0.0711 per kWh

The max kW billing demand will increase from $4.57 to $4.73 effective June 22, 2022.

The max on-peak kW billing demand will increase from $14.38 to $14.88 effective June 22, 2022.

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 $0.0562 per kWh to $0.0582 per kWh effective June 22, 2022.

The Rate 9 service charge is not changing.

The Rate 9 demand charge is increasing from $19.02/kW to $19.69/kW effective June 22, 2022.

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. The service must be located adjacent to a substation, transmission line or distribution line controlled by Tipmont REMC 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 June 22, 2022.

  Prior to June 22, 2022 After June 22, 2022
Off-Peak kWhs $0.0540 per kWh $0.0559 per kWh
On-Peak kWhs $0.0653 per kWh $0.0676 per kWh

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


The max kW billing demand will increase from $6.90 to $7.14 effective June 22, 2022.

The max on-peak kW billing demand will increase from $14.38 to $14.88 effective June 22, 2022.

RATE SG / SEWAGE GRINDER SINGLE PHASE

The energy charge for Rate SG Sewage Grinder Single Phase members is increasing from $0.1099 per kWh to $0.1137 per kWh effective June 22, 2022.

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 $0.1099 per kWh to $0.1137 per kWh effective June 22, 2022.

The demand charge for Rate SDH 1 Seasonal High Demand – Single-Phase Service members is increasing from $15.65/kW to $16.20/kW effective June 22, 2022.

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 $0.1099 per kWh to $0.1137 per kWh effective June 22, 2022.

The demand charge for Rate SDH 2 Seasonal High Demand – Multi-Phase Service members is increasing from $10.95/kW to $11.33/kW effective June 22, 2022.

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 $0.0597 per kWh to $0.0618 per kWh effective June 22, 2022.

The demand charge for Rate S Schools will increase from $11.10 to $11.49 effective June 22, 2022.

The service charge for Rate S Schools is not changing.

Frequently asked questions

The following are common questions members ask in regard to their rates and their bills. If your question is not answered below, please call Member Service at 800-726-3953 during normal business hours, 8 a.m. to 4:30 p.m. M-F. You may also send us an email.

What is my new energy rate?
The residential electric rate, which most members pay, is now $0.1137/kWh — an increase of 3.5%. For the average residential home using 1,200 kWh monthly, the monthly increase equals about $5.
Is Tipmont’s service charge increasing?
No. Only the energy rate has increased — and solely because of two unscheduled increases by our power supplier, Wabash Valley Power Alliance.
Did Wabash Valley increase its costs to Tipmont twice this year?
Yes. Once in April and again in May.
Did Tipmont or other co-ops have any say in this?
No. Wabash was able to force this increase on all its member co-ops without a vote. This is because it was a “true-up,” or additional money Wabash Valley claims it needs to operate its business.
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.
Why is Wabash Valley making Tipmont pay more than other co-ops?
Tipmont serves more members than most of Wabash Valley’s other co-op customers. At present, we serve about 7.5% of Wabash Valley’s total customer base, making us Wabash’s fifth-largest customer.
Has Wabash Valley reduced expenses to mitigate this increase?
We do not know. Wabash Valley did not make such information available.
Has Tipmont taken any action to reduce its expenses?
Yes. Tipmont first absorbed the entirety of Wabash Valley’s cost increases for two months. Then, we implemented about $250,000 in budget cuts — reducing work plan projects, planned equipment and capital purchases, and right-of-way work.
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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  • 403 S. Main St. MAP
  • Linden, IN 47955
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