Rates

RES 1
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Single-Phase General Service for residential, farm, commercial and public buildings for members with an average energy usage between 0 - 3,000 kWh/month.

RES 2
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Single-Phase General Service for residential, farm, commercial and public buildings for members with an average energy usage over 3,000.1 kWh/month.

PP1
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Single-Phase Prepaid General Service for residential, farm, commercial and public buildings.

EWT
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Single-Phase Green Power Service for residential, farm, commercial and public buildings.

TOU 3
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Single-Phase General Service for residential, farm, commercial and public buildings. Change your habits to benefit from lower off-peak charges.

TOU 6
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Single-Phase General Service for residential, farm, commercial and public buildings. Change your habits to benefit from lower off-peak charges.

Small Commercial
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Multi-Phase General Service for residential, farm, commercial and public buildings. This rate schedule will serve multi-phase member/consumers with an average demand of 50 KW/month or less.

Medium Commercial
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Multi-Phase General Service for residential, farm, commercial and public buildings. This rate schedule will serve multi-phase member/consumers with an average demand of 50.1 to 150 KW per month.

Large Commercial
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Multi-Phase Large Power Service for member/consumers with an average monthly demand of 150.1 - 3,000 KW.

Industrial
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Multi-Phase Large Power Service for member/consumers with an average monthly demand of 3,000.1 KW or more.

Net Metering
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Single-Phase Service for residential consumers who have an RGS on their premises with a nameplate rating of 10 KW or less.

Additional terms:

Wholesale
Power Tracker

As of February 1, 2014, the Wholesale Power Tracker is $0.0007 per kwh. This charge describes the fees that Hendricks Power incurs each month in purchasing wholesale power on your behalf. The charge fluctuates each quarter as fuel prices change. Power plants in the Midwest burn primarily coal as the fuel to generate electricity. When the market price changes for the coal they purchase, they pass that charge along to us. We then use the fuel charge to reflect your portion of the fuel expense we incur. By structuring the charge in this manner, we avoid having to incorporate these fluctuating expenses in the base electric rate. When fuel prices decline, this component of the bill can appear as a credit on your bill.

Determination of
billing demand

The billing demand shall be the maximum measured 60-minute demand in the current month adjusted for power factor. Custom determination of billing demand applies to Schedule LP and Schedule LP-1.

Power
factor

The member agrees to maintain unity power factor as nearly as practicable. The Corporation reserves the right to measure such power factor at any time. Should such measurements indicate that the average power factor is less than 90 percent, the billing demand shall be calculated in accordance with the following formula:

Billing Demand = Maximum Demand Times (90%) / Average Lagging Power Factor in %

Late payment
charge

Ten percent of the first $3.00 or less of net billing plus three percent of the net amount in excess of $3.00 if bill is not paid within 17 days from the due date as stated in the bill. *Excludes PP1 rate.

Application

The interpretation of, or the application by Seller of, all rates, rules and regulations included in its tariff or adapted by Seller shall be subject to review by any government body having statutory jurisdiction thereover, upon application by Seller or any member, or in the absence of said jurisdiction, the foregoing shall be subject to review and interpretation by the Board of Directors of Seller.

Terms
and conditions

Refer to Terms and Conditions of Service as outlined in Hendricks Power Cooperative's Rules and Regulations.

Potential commercial and industrial customers should contact Hendricks Power for customized rate information based on specific needs and load specifications.