For all of 2023 and up through the most recent billing in 2024, Victory Electric member-owners have received a credit every month for the Energy Cost Adjustment. The ECA is a pass-through variable charge or credit that appears on monthly electric bills. Member-owners have received an average ECA credit of 1.33 cents per kilowatt-hour in 2024 so far.

The ECA varies each month based on wholesale pricing and the market rate for energy. Variable costs — such as fuel, market energy purchases and other fluctuating energy-related operating costs — determine how much our power supplier spends during the process of generating power. The ECA allows Victory Electric to respond to market changes by adjusting bills either up or down when wholesale power costs exceed or fall below the base rate. The ECA ensures that Victory Electric collects no more and no less than the actual cost of wholesale power.

Victory Electric does not mark up or profit from any increases in the cost of wholesale energy that are passed on to member-owners of the cooperative through the ECA. And when the cost of wholesale power goes down, the ECA allows Victory Electric to pass the savings to our member-owners as a bill credit. Your monthly bill has reflected these pass-through savings as an ECA credit since October 2022.