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OREMC is pleased to announce that as of May 1, the wholesale power cost rate decreased by $.012416 per kWh. Based on 1,000 kWh per month, for example, your OREMC bill will decrease by $12.41.

You will recall that due to the unprecedented rise in the cost of natural gas last year, OREMC initiated two wholesale power adjustments in 2022 to enable cost recovery for the significant difference in what OREMC budgeted for wholesale power, and what the actual costs were. As promised, if wholesale power costs decreased, so too would the wholesale power cost rate.

 

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