There is a bit of a change in format this month as I wanted to take a little more room to give a more complete description of something that “Midwest can do for You”. I want to make sure everyone knows that Midwest now has an Electric Heat rate available, what it entails and how it can help lower your electric bills.
The Electric Heat rate is run by Basin Electric based in Bismarck, North Dakota. Midwest buys our power from Tri-State Generation and Transmission headquartered in Denver. However, Tri-State partners with Basin to provide electric power to their members in Nebraska. So, we are eligible for the program through that partnership.
The program requires a secondary meter to be installed to record the usage going to your heat source. Midwest will provide most of the hardware for the meter, but we are asking the member to get an electrician to install it for them. Once the meter is installed, Midwest will set up the account to put the credit on your bill.
You will receive a 2.5 cent credit per kilowatt-hour for all kWh going to the heat source during the months of October through April. A lot of the kWh that are going to your heating source are probably getting billed at 8.1 cents per kWh so that would be about a 30% reduction in your heating costs. You do have some up front costs to the electrician and there is a $5 monthly fee to help Midwest recover our costs of the metering hardware but that could be a noticeable savings to you in the long run, especially if you have and older or less-efficient heating source.
One question we often get is “will the program be available down the road?” Unfortunately, since Midwest is not running the program ourselves, we don’t have definite control of that. But we plan to continue to offer the program as long as it is available to us. And it is a popular program for Basin in their northern territories so it would seem likely that it would continue for years to come.
If you have questions or would like more information, please contact our office.
*Midwest Electric is an equal opportunity provider and employer.*