By signing up for the TOU rate plan, you will most likely be required to make adjustments in your daily routine. If you don’t change your energy use patterns, you could pay more.
However, with Coast Electric’s six-month guarantee, you don’t have to risk paying more. The six month guarantee is for the first time you try TOU rates only.
Coast Electric members who sign up for the TOU rate plan are entering into an agreement with the cooperative for a minimum of six months. The agreement will continue until terminated by either party with at least 30 days of written notice. Accounts disconnected for nonpayment will be removed immediately from the TOU rate. Once terminated, the TOU rate will not be available for members at that location for a period of 12 months.
After six months, if a member determines that the amount paid using a TOU rate is greater than the amount they would have paid with the standard rate, that member may cancel the TOU agreement and request a credit for the difference.
For example, if a member used $600 worth of electricity in the initial six-month period during which they had a TOU rate, and the member determines that they would have only incurred a $500 charge using the standard rate, the member has the right to cancel their TOU agreement and will receive a credit for $100. If a member chooses not to cancel the agreement at the end of the six-month period, they forfeit their savings and will not be entitled to a credit for the difference.
