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CHELCO announces rate decrease

Thursday | May 6, 2021
All News

DeFuniak Springs (May 6, 2021) – The Choctawhatchee Electric Cooperative (CHELCO) Board of Trustees recently approved a rate decrease totaling $1.2 million beginning with the May 2021 billing.

CHELCO’s current distribution cost adjustment (DCA) rate of $0.00275 will be reduced to $0.00153, saving members an average of around $21 annually. This rate reduction is CHELCO’s second in six years.

CEO Steve Rhodes said that, while not a large decrease, he is pleased any time CHELCO can help members save money.

“Thanks to our efforts to reduce controllable expenses, coupled with our fast-growing membership, it isn’t necessary to collect as much revenue from the membership,” Rhodes said. “I’m thankful for our Board of Trustees, our leadership team and our dedicated employees who work together to reduce controllable expenses. This allows us to give back to our members through things like rate reductions and capital credit retirements.”

CHELCO is a not-for-profit electric distribution cooperative serving more than 56,000 accounts in Walton, Okaloosa, Holmes and Santa Rosa counties.

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©2023 Choctawhatchee Electric Cooperative (CHELCO). Powering our community, empowering our people!

  • Home
  • About Us
    • About CHELCO
    • Careers
    • CHELCO NEWS
    • Contact CHELCO
    • Key personnel
    • Press Releases & Media Contact
      • CHELCO's annual charity golf tournament raised over $8k
      • CHELCO powers-up first co-op solar array in NW Florida
    • The Cooperative Difference
    • Trustees and elections
    • Annual Reports
    • CHELCO Bylaws
    • Recipes
  • Storm Center
  • Member Service
    • New Member Service
    • Capital Credits
    • CHELCO Rates
    • New Construction
    • Offices & Hours
    • Statement & Billing Options
    • Ways to Pay
  • Energy Efficiency
    • Energy Efficiency Programs
    • Renewables
    • Electric Vehicles
    • Outdoor & Decorative Lighting
    • Switch to Save
    • Surge Protection
    • Heat Pump Rebates
    • Energy Audits
    • Energy calculators
    • Together We Save
    • State and Federal Programs
    • Energy Efficiency Cost Benefit
    • Manufactured Home Rebates
    • Energy Savings - Beat the Peak
  • Education & Community Programs
    • Operation Round Up
    • Members Helping Members
    • Education Programs
    • Co-op Connections Discount Program
    • Scholarships
    • Youth Tour
    • Annual Meeting
    • Co-ops Vote
    • CHELCO Charity Golf Tournament
    • Economic Development
  • PURPA
    • Federal Statute
  • Podcast