The price of electricity is determined by several factors, including power generation, the necessary upkeep of our system and regulatory actions by the state and federal governments.
The electricity distributed by TCEC is managed by our wholesale power supplier: Golden Spread Electric Cooperative.
Golden Spread Electric is itself a cooperative. But rather than having individual people as member-owners, it is collectively owned by 16 electric cooperatives, including TCEC. Golden Spread owns all or part of five power plants across the region.
Costs associated with generating and transmitting energy
Fuel: Our electricity is generated using a combination of natural gas combustion and wind. The cost of these fuels comprises a significant part of your bill.
Generation and transmission infrastructure: Proper maintenance of the electricity generation facilities, wires and poles is of paramount importance for safety and environmental responsibility. It is another cost that is added to the cost of power, but because Golden Spread is a cooperative, these costs are shared across 16 systems.
Demand: Very high levels of demand during peak times - such as the hottest days of summer -- can lead to an increase in the cost of power. Using reasonable amounts of electricity during these times can help to reduce the demand on the system.
Costs of bringing electricity to your home or business
Distribution infrastructure: Upkeep of TCEC's lines and meters is a large ongoing cost. We work daily to manage this cost through constant monitoring of our system and preventive maintenance.
Business operations: Professionals at TCEC oversee the daily business of our utility, including billing, accounting and member service.
Catastrophic system damage: Natural disasters can be an unpredictable and unavoidable expense. Storms can devastate an electrical system, and repairs can be very costly.
TCEC is subject to state and local laws.
On the federal level, we comply with federal statutes.
TCEC's leaders are active in associations and committees on local, state, and national levels, which allows us to represent our members' interests. If you have any questions regarding your rate or rate categories, please contact our office at 580-652-2418.