Each member’s meter is read daily and, after each reading, the appropriate daily charges are calculated and a debit is applied to the Prepaid Service account balance. The payment calculation combines the following to determine the cost of the electric service used by the member:
- Energy charges
- Distribution charges
- Metering and billing
- Basic service charge
- Power cost adjustment
- Applicable taxes
- Other applicable charges
Charges and rates will be the very same as for members on a traditional Farm and Home Service (Schedule A).