My Account Login

Pay my bill, view statement, history, meter reading date, and change email.

?  

Not Registered?

If you cannot attend our Annual Meeting next month, you can still vote in the co-op's trustee elections! There are three trustee candidates up for re-election this year. To... Continue Reading ›

A line of severe storms caused heavy damage to the Clay Electric service area on Tuesday, February 7. Some winds were estimated at over 70 mph. Numerous trees were pushed over or... Continue Reading ›

Co-op members gathered at three trustee district meetings in late January-early February to select candidates for the co-op’s board of trustees in Districts 2, 4 and 6.... Continue Reading ›

The Clay Electric Foundation board has approved seven organizations to be the first recipients of grant funding from the Operation Round Up program. Operation Round Up is a... Continue Reading ›

Clay Electric’s annual vehicle and equipment auction is going on now through Nov. 14. More than 50 vehicles, pieces of equipment and other items are up for auction. Photos and... Continue Reading ›

Consumers for Smart Solar—a diverse, bipartisan coalition of business, civic and faith leaders—today announced that the Florida Electric Cooperatives Association (FECA) has... Continue Reading ›

You are here

Rate increase will take effect in October

KEYSTONE HEIGHTS -- Due to declining power sales and a decline in revenue the past few years, Clay Electric Cooperative will implement a small increase in its residential electricity rates, effective in October. Clay members use, on average, 1,171 kilowatt hours (kWh) of electricity per month, and these members will see a 3.5 percent increase in their bill.

General Manager/CEO Ricky Davis announced the rate increase in his July Kilowatt message.

“It’s a difficult time to announce a rate increase, because many of our members are already financially strapped due to cost increases for many other essentials, like food and fuel,” Davis said.

Davis said the co-op’s power sales have been on a decline in recent years. Reasons include a sluggish economy and membership growth that has “flatlined” the past few years. Other negative conditions include persistent unemployment, lagging job growth and a high rate of home foreclosures in Clay’s 14-county service area.

The rate increase will appear on members’ bills beginning on October 4. The 3.5 percent increase includes the slightly higher energy charge (from $0.0748/kWh to $0.0763/kWh) and a $3 increase in the customer charge. The customer charge, currently $14, will go to $17. A customer charge is common among electric utilities and it helps utilities recover the fixed costs of the equipment, poles, wire and transformers necessary to get power to customers’ accounts. The cost of these items has gone up considerably in recent years.

Davis said he is proud that Clay Electric has been able to offer its members some of the lowest rates in the state in recent years, and that even with the rate increase, Clay will still be very competitive with other utilities.

To hold the line on the co-op’s internal expenses, Davis announced a number of cost-saving measures to be implemented.

Cutbacks include laying off a contract crew involved in painting padmount transformers and a contract crew handling ground-line pole treating.

The co-op is also evaluating its Vegetation Management program for possible savings, and a top-to-bottom review of the co-op’s construction and maintenance program will be done to ensure proper focus.

Davis said next year’s budget will be a bare-bones spending plan, and everything will be closely scrutinized.

A five-year building program that addressed a need to replace aging buildings is also being put on hold.

“These types of capital expenditures don’t affect our expenses all that much because the money is borrowed and paid back over a long period, but I think it’s wise to put these projects on hold,” Davis said.