Electric Bill
Example
This page will help you familiarize yourself
with your new electric bill.
Electric Bill
Understanding Your Bill
Dear Magic Valley Electric Cooperative Member
Your statement provides you with detail information about your account. If you have any questions about the charges on your account please contact us at 1-866-225-5683.
Monthly Bill Adjustments
Customer Charge
The customer charge is a fixed monthly charge to cover our costs for data processing, billing, cost of maintaining equipment such as poles, wires, transformers, etc. If you have no electric consumption, you will only be billed the customer charge plus applicable taxes.
Power Cost Recovery Factor (PCRF)
PCRF is an adjustment to your bill, it is a monthly adjustment to be applied to the current monthly billing to account for differences in actual purchased electricity costs. This monthly charge shall be increased or decreased on a per-kWh basis. To drive the PCRF charge, multiply the total monthly billed kilowatt hours by the appropriate monthly factor found on your billing statement.
Franchise Tax Adjustment
For members located in areas within the boundaries of a municipal corporation (City), their total bill (excluding state and city sales tax) will be increased by a percentage, which is the equivalent of the city’s franchise tax imposed on MVEC.
Sales Tax
All bills shall be adjusted by the amount of sales tax attributable to the sale of electric service, unless the member has previously provided satisfactory proof of exemption.