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Rates

Northeastern'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 Northeastern members through Capital Credits.

Click below to view the different rates available to members. 

Important information for commercial rates. Most commercial rates are reviewed on a case-by-case basis. If you have questions about the specific commercial rate for your business, please contact us.

 

    
Residential Energy Charges:

1-500 kWh = $.111231/kWh
Over 500 kWh = $0.092497/kWh

Service Charge: $25.00

Example of Residential Rates

Most homes have a single phase service. The below estimation is an example of one home with one meter. The table below illustrates how residential bills are calculated. This example is based on one month where 1,000 kwh (kilowatt hours) were used, which is approximately our member average. 

Single phase Residential
(Rate schedule 101)
      Rate Cost
Service Charge     $25.00 $25.00
Energy charge for first  500 kWh $0.111231 $55.62
Energy charge for remaining 500 kWh $0.092497 $46.25
PJM Cost     $0.022095 $22.10
Power Cost Adjustment (PCA)     -$0.002647 -$2.65
         
Subtotal       $146.31
Indiana State Tax     7% $10.24
Total Bill       $156.55

Prepaid Residential Energy Charges once enrolled in the prepaid program:

All kWh = $0.091529/kWh

Service Charge: $1.50 per day

 

Example of Prepaid Residential Rates

Since prepaid accounts can be paid at any time, the below estimation is based on 29 days of energy usage.
 

Prepaid Residential
(Rate schedule 104)
      Rate Cost
Service Charge per day  29 days $1.50 $43.50
Energy charge for total kWh 1000 kWh $0.091529 $91.53
PJM Cost     $0.022095 $22.10
Power Cost Adjustment (PCA)     -$0.002647 -$2.65
         
Subtotal       $154.48
Indiana State Tax     7% $10.81
Total Bill       $165.29

 


 

 

Commercial Service, small, single phase (Rate Schedule 30-8)
Public or industrial buildings with 12 month rolling average demand of <50 kW
 

First  kWh = $0.111231/kWh.
Over 1000 kWh = $0.092497/kWh

Service Charge: $30

 

Example of this rate

The below estimation is an example of a small commercial service with single phase service.
This example is based on one month where 1500 kwh were used. 

 

Commercial Service - small, three phase
(Rate schedule 30-8)
      Rate Cost
Service Charge     $30.00
Energy charge for  1000     kWh $0.111231  $111.23
Demand Charge for  500 kW $0.092497  $46.25
PJM Cost     $0.022095  $33.14
Power Cost Adjustment (PCA)   -$0.002647  -$3.97
         
Subtotal        $216.65
Indiana State Tax     7%  $15.17
Total Bill       $231.82

 

  
 

Commercial Service, small, three phase (Rate Schedule 30-9)
Public or industrial buildings with 12 month rolling average demand of <50 kW
 

Service Charge: $70.00
All kWh =  $0.085000/kWh
Demand Charge: $3.37/kW

Example of this rate

The estimation is an example of a commercial service with multi phase service. This example is based on one month where demand = 150 kW with 2500 kwh used. 

Commercial Service - small, three phase
(Rate schedule 30-9)
      Rate Cost
Service Charge     $70.00 $70.00
Energy charge for  2500 kWh $0.085000 $212.50
Demand Charge for  150 kW $3.370000 $505.50
PJM Cost     $0.022095 $58.55
Power Cost Adjustment (PCA)   -$0.002647 -$7.01
         
Subtotal       $839.54
Indiana State Tax     7% $58.77
Total Bill       $895.18

 

Commercial Service, large, single phase or multi phase (Rate schedule 40-0)
Public or industrial buildings with 12 month rolling average demand of >50 kW and <1000kW


Service Charge: $100.00
All kWh =  $0.080260/kWh
Demand Charge: $5.85/kW

 

Example of this rate

The below estimation is an example of a small commercial service with multi phase service.
This example is based on one month where demand =150 kW with 2500 kwh used, and p.f. > 0.95.   

Commercial Service - large, single phase or multi phase
(Rate schedule 40-0)
      Rate Cost
Service Charge     $100.00 $100.00
Energy charge for 2500 kWh $0.080260 $200.65
Demand Charge for  150 kW $5.850000 $877.50
PJM Cost     $0.022095 $55.24
Power Cost Adjustment (PCA)   -$0.002647 -$6.62
         
Subtotal       $1,226.77
Indiana State Tax     7% $85.87
Total Bill       $1,312.64

 

 

Commercial Service, large, capacity power (Rate schedule 50-0)
Public or industrial facilities with 12 month rolling average demand of >1000kW 

Service Charge = $150.00
All kWh =  $0.078683/kWh
Demand charge $5.05/kW

Example of this rate

The below estimation is an example of a large commercial service with multi phase service.
This example is based on one month where Demand =1100 kW  with 100,000 kwh used, and p.f. > 0.95.  

Commercial Service - large, capacity power
(Rate schedule 50-0)
      Rate Cost
Service Charge     $150.00 $150.00
Energy charge for 100,000 kWh $0.078683 $7,868.30
Demand Charge for  1,100 kW $5.050000 $5,555.00
PJM Cost     $0.022095 $2,209.50
Power Cost Adjustment (PCA)   -$0.002647 -$264.70
         
Subtotal       $15,518.10
Indiana State Tax     7% $1,086.27
Total Bill       $16,604.37

 

 

 

Summary of Miscellaneous Charges (Uncommon charges for most members)

Click the tab to learn more about additional charges. This includes anything from late fees, insufficient funds to additional meter readings and more. Most members do not have charges like this. If you think you've incurred a fee that's not justified, please contact our member services team. 

Late payments
In the event that the current monthly billing is not paid on or before the stated due date, a late payment charge of ten percent (10%) for the first $3.00, plus three percent (3%) of the amount in excess of the first $3.00 will be added to the net bill.The gross amount due as shown on the billing statement includes the late payment charge.

All new accounts and previously disconnected accounts being reconnected are subject to our deposit policy. 

The deposit will be collected prior to service connection. Other circumstances may warrant charging a deposit as determined by Northeastern REMC. When a member applies for service, an online utility soft credit check will be completed. Based on the response, members with excellent credit will not have a deposit.

Members may be required to pay a deposit between $0-$200 based on their credit rating and payment history with the co-op. No interest shall be paid on any deposits. Deposits will be refunded when membership is terminated.

Collection/Disconnection/Reconnection Fees

All disconnect and reconnect charges are in addition to any outstanding balances. 

Disconnection: $60
Disconnection when line truck is required: $110

Reconnection: $60 ($110 after 4pm) 
Reconnection when line truck is required before 4pm: $110
Reconnection when line truck is required after 4pm: $195

When a reconnection of service is made for the same member at the same location within a twelve (12) month period, where service was disconnected at the member's request, a charge of $60.00 shall be paid for such reconnection 

When a check received in payment of a member's account is returned, the member shall be assessed a handling charge of $25.00 for each check returned by the bank. Electronic  payments made either through Northeastern REMC’s web site or through a paying agent service,  which are returned non-payable, shall be assessed a handling charge of $25.00 for each returned item. 

Meter Reading
When a condition exists that requires a special trip to obtain the meter reading, the member will be charged $60.00 per trip. This charge will be added to the member's monthly bill. 

Meter Test Requested by Member
Northeastern will endeavor to maintain the efficiency of the meters within the allowable accuracy prescribed by the Indiana Administrative Code Title 170 Indiana Utility Regulatory Commission Article 4 Electric Utility. Northeastern will make a test of accuracy of registration on a meter upon a written request of a member. If the member requests a meter test within twelve (12) months of the last test and no error is found, then the member will be charged $60.00 for the meter test. This charge will be added to the member's monthly bill.

Same Day Meter Service Charge
Should a member request a meter be installed or a meter reading be taken on the same day they pay their membership, Northeastern will charge $60.00 during normal business hours and $110.00 after normal business hours for this service. These charges are non-refundable.

If Northeastern personnel respond to a member call and discover the cause of the power outage is located on member's side of the meter (e.g., tripped breaker, blown fuse, etc.), a charge of $110.00 during normal business hours and a charge of $195.00 after normal business hours will be assessed. Northeastern is not obligated to make repairs to the member's equipment, which is located on member's side of the meter.

The intent of temporary service is to provide light-duty electrical service, in accordance with the Corporation’s “Electric Standards Manual”, for construction purposes until a permanent service has been established. 

Northeastern will furnish necessary pole and entrance equipment for temporary service. Northeastern may require the member to pay, in advance, a one-time $140.00 charge for each temporary service. The applicable billing rate will also apply to energy use for this service. If the member or its representative (e.g., contractor) provides their own temporary service  facilities, Northeastern may require the member to pay, in advance, a one-time $100.00 charge for each service connection. In addition, the member shall incur a $60.00 inspection charge for each trip.

If the temporary is returned to Northeastern REMC with incidental damages outside normal wear and tear, the member will be charged $65 for repairs. If the temporary is returned damaged and it is not repairable, the member will be charged $200.

The new service fee is a one-time $300 charge for any new construction on the Northeastern system. This flat fee is charged for all new metered service points requiring new equipment installed at the location. The new construction service fee does not include other temporary or new member charges or fees. Additional charges may apply depending on the equipment that needs to be installed and the projected electrical use at the new location.

Summary of Terms

Transparency is important to us at Northeastern REMC. We want you to know what each charge means. Below, you'll find a summary of these different charges. For further explanation about your bill, please see Understanding your bill section or contact us. We're happy to dive into your bill with you. 

Click below to expand each section to learn more.

The service charge is a minimum amount each meter is charged monthly to cover a portion of the fixed costs Northeastern REMC incurs to have electric service available to your home or business. These costs include substations, poles, power lines, transformers, meters, taxes and administrative expenses.

The total energy used over that billing period measured in kilowatt-hours (kWh) multiplied by the per kWh rate. Some rates include both on-peak and off-peak energy charges.

Put simply, the total energy used x rate per kWh = energy charge

How do we determine how much energy is used?
Your meter keeps track of kilowatt hours automatically. When you bill is calculated, the meter reading of the current month is compared to the meter reading of the last month. 

For residential members, here is an example of your meter reading. If your October meter reading was 5704 and your November meter reading is 5977, that means you used 273 kilowatt hours.

PJM is a regional transmission organization that coordinates the movement of wholesale electricity to over 61 million people in all or parts of 13 states. Northeastern REMC and other Indiana electric utilities are required to belong to a regional transmission organization.This cost helps your cooperative cover its mandated participation and charges related to it.

What does PJM stand for?PJM stands for the Pennsylvania, Jersey, Maryland Power Pool. It is the electricity control area (the electric grid) for New Jersey and all or parts of in all or parts of Delaware, Illinois, Indiana, Kentucky, Maryland, Michigan, New Jersey, North Carolina, Ohio, Pennsylvania, Tennessee, Virginia, West Virginia and the District of Columbia. All electricity essentially comes from PJM regardless of the state in which it was generated. PJM ensures that there is enough power to meet expected customer electricity demand at all times, plus an additional reserve margin. Through this process, PJM ensures the electric grid's reliability and monitors the market to prevent market powers/manipulation.

As a not-for-profit electric cooperative, Northeastern REMC provides electricity to you at cost; meaning Northeastern does not profit from selling you electricity. That electricity that comes to your home or business is purchased from the open market at the best rate available. The Power Cost Adjustment (PCA) is calculated each month and allows Northeastern's monthly rates to stay consistent rather than changing every time the generation cost of energy fluctuates.

Some months, the cost of wholesale power is actually below the base rate. The difference appears on your electric bill as a credit.

The Power Cost Adjustment (PCA) is an adjustment made to your electric bill to reflect fluctuations in the true cost of power purchased from Northeastern's provider. The fluctuation is largely caused by changes in the cost of fuel for generation. It appears as a separate line item on each member's bill each month. This adjustment is applicable to and becomes a part of all of the Northeastern REMC’s retail rates schedules and is applicable to all sales. Northeastern receives no benefit or profit from the PCA.