2024 CMLP Electric Rates Narrative

All of Concord Municipal Light’s electric rates are changing effective with the January 2024 bills.

Why are rates changing?

CMLP charges electric customers what it costs to buy electricity and operate the distribution grid in Concord. The market price for electricity fluctuates while distribution costs generally increase with inflation. Each year CMLP sets new rates that are designed to recoup these costs.

What changes will customers see?

Customer charges, demand fees and net metering distribution assessments are remaining flat. Residential and small commercial customers will see a very small increase in their electricity bill. Medium and Large commercial customers will see small decreases.

Residential and small commercial customers can expect to pay about $1.50 more per month – a 2% or less increase depending on how much electricity a customer uses. Those with controlled water heaters will see a larger increase because the water heater credit is being reduced $9.66 per month from a $19.66 credit to a $10.00 credit. The ETS rate is up 5%.

The medium commercial customer can expect to see about a 1.5% decrease in their monthly bill, while large commercial customers will see a 0.5% decrease.

Residential Rate Comparison 2024 vs. 2023



1/1/2023

1/1/2024



 

RES-R-1

Change

Meter Charge  $/mo

 

$18.50

$18.50

$0.00

Energy  $/kWh

 

$0.08980

$0.08792

$0.0019

Distribution  $/kWh

 

$0.06033

$0.06182

$0.0015

Capacity Charges

1st 657

$0.04107

$0.04116

$0.0001


Next 178

$0.05340

$0.05353

$0.0001

 

>835

$0.07706

$0.07725

$0.0002

Power Cost Adjustment

 

$0.00000

$0.00000

$0.0000

Total volumetric  $/kWh

1st 657

$0.19120

$0.19091

($0.0003)


Next 178

$0.20353

$0.20328

($0.0003)


>835

$0.22719

$0.22699

($0.0002)

Sample R-1 2024 Bill with average usage of 903 kWh per month

Line Item

kWh

$/kWh

$

Change

Service Charge 

 

 

$18.50

no change

Underground Surcharge 

 

 

$2.93

 $0.02

Capacity And Transmission

657 kWh

$0.04116

$27.04

↑ $0.06

 

178 kWh

$0.05353

$9.53

 $0.02

 

325 kWh

$0.07725

$5.25

 $0.01

Distribution Charge 

903 kWh

$0.06182

$55.82

 $1.34

Energy Charge     

903 kWh

$0.08792

$79.39

↓ $1.70

Power Cost Adjustment 

903 kWh

$0.00000

$0.00

no change

NYPA Power Cost Adjustment

75 kWh

-$0.00400

-$0.30

↑ $1.58/month

 

 

 

 

 

Electric Service Subtotal 

 

 

$198.16

↑ $1.33

 

Sample R-1 2024 Bill with water heater credit

Line Item

kWh

$/kWh

$

Change

LM Amount – Water Heater

 

 

($10.00)

 $9.66

Service Charge 

 

 

$18.50

no change

Underground Surcharge 

 

 

$2.78

 $0.17

Capacity And Transmission

657 kWh

$0.04116

$27.04

↑ $0.06

 

178 kWh

$0.05353

$9.53

 $0.02

 

325 kWh

$0.07725

$5.25

 $0.01

Distribution Charge 

903 kWh

$0.06182

$55.82

 $1.34

Energy Charge     

903 kWh

$0.08792

$79.39

↓ $1.70

Power Cost Adjustment 

903 kWh

$0.00000

$0.00

no change

NYPA Power Cost Adjustment

75 kWh

-$0.00400

-$0.30

↑ $1.58/month

 

 

 

 

 

Electric Service Subtotal 

 

 

$188.01

↑ $11.14