The holidays can get expensive, but the average Cobb EMC household just got $15 more a month in their pockets.
The electric cooperative applied a monthly Wholesale Power Adjustment credit to accounts as of Dec. 1, according to its website. It will account for $3.2 million of savings in December.
The company adjusts the credit in response to wholesale electric generation and transmission costs. It’s a way for utilities to not change base rates but stay flexible with pricing.
Spokeswoman Leslie Thompson said the credit is voted upon each month for the company’s board.
The credit amount was last changed in July, Thompson said.
Soon-to-retire CEO Chip Nelson said the average Cobb EMC household uses 1,000 kilowatt hours each month, which comes to an average savings of $15 per month.
“This credit offers greater savings to our cooperative members, which is particularly important during the holiday season,” Nelson said.
Cobb EMC said it has more than 180,000 members in its coverage area, which includes not only Cobb but Bartow, Cherokee, Paulding and north Fulton counties.