Understanding My Bill

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Understanding My Bill

Corn Belt Energy members receive a usage statement every month.  Your bill contains valuable information, including usage history from the past 13 months found in the chart in the upper right corner.

The back of your statement contains definitions of terms, payment options and other important details.


Definitions of Terms

Bill Type: Describes the type of bill such as Budget, Regular, Estimated, and Prorated, etc.

Deposit: Assessed based on previous credit history and/or disconnection.

Due Date: Last day the bill can be paid before a late payment charge is assessed.

Estimated Bill: If an actual reading is not obtained, then an estimate reading is necessary to process billing.

Facilities Charge: A fixed monthly charge that reflects cost to have facilities in place and available for use. This monthly charge remains the same, regardless if electricity is used. The facility charge helps to cover the cost of billing, maintenance of electrical equipment and meters.

Franchise Tax: A tax on the cooperative for using the city/town right-of-ways for installing utility poles and wires.

ICC-Regulatory Tax: This .0008% tax on electric revenue goes to operate the Illinois Commerce Commission.

IL State Utility Tax: In accordance with Illinois Law, this tax is based on the number of kilowatt-hours used.

Kilowatt-hour (kWh): Standard measurement for electricity. One kWh equals 1,000 watts of electricity used for one hour.

Late Charge: Assessed on past due amount at the rate of 1.5%.

Mailing Date: Date the bill is prepared and mailed.

Map Location: Numbers and/or letters that indicate the metering point on Corn Belt Energy's mapping system. May be used in reporting outages.

Meter Reading: Used to determine quantity of kilowatt-hours used for billing.

Multiplier: Used in certain metering applications to multiply the kilowatt-hour reading for actual usage.

Prorated Bill: Bills are prorated when the billing period is more than 35 days or less than 25 or a rate change has occurred.

Rate: Identifies the billing value that applies to the metered service.

Service Address: The address where the meter is located. The mailing address is where the bill is sent.

Town Tax: Some cities and towns levy a municipal tax. If your bill shows this tax, the money goes to your community.

Wholesale Power Cost Adjustment (WPCA): Corn Belt's rate schedules are designed to provide revenue to cover wholesale power cost up to 4.237 cents.  The adjustment may change monthly based upon the current cost of power.  If the cost of wholesale power exceeds 4.237 cents, the WPC will increase your bill; If the cost of wholesale power falls below 4.237 cents, the WPCA will decrease your bill.