Electric 
Electric service in Northern Kentucky is provided by two companies – Duke Energy and Owen Electric Cooperative.
Duke Energy
Duke Energy’s Ohio and Kentucky operations provide safe, reliable and competitively priced electricity to more than 820,000 customers, including retail gas service to more than 500,000 customers. The service territory spans seven Ohio counties and five Northern Kentucky counties – making up the heart of the Greater Cincinnati Region. A combination of baseload and peaking facilities allows Duke Energy to serve its customers at rates below the national average.
A comparison of rates to the U.S. average follows:
| Cost per kWh |
Hrs. Use of
Demand/Month |
DS Rate
Dollars / kWh |
DP Rate
Dollars / kWh |
DT Rate
Dollars / kWh |
TT Rate
Dollars / kWh |
| First 15 kW |
$0.00 |
|
|
|
| Additional kW |
$7.75 |
|
|
|
| All kW |
|
$7.08 |
|
|
| Summer On-Peak kW |
|
|
$12.75 |
$7.60 |
| Winter On-Peak kW |
|
|
$12.07 |
$6.24 |
| Off-Peak kW |
|
|
$1.15 |
$1.15 |
| Summer On-Peak kWh |
|
|
$0.054118 |
|
| Winter On-Peak kWh |
|
|
$0.052118 |
|
| Off-Peak kWh |
|
|
$0.046118 |
|
| First 6,000 kWh |
$0.091568 |
|
|
|
| Next 300 kWh/kW |
$0.060042 |
$0.060991 |
|
|
| Additional kWh |
$0.050966 |
$0.053121 |
|
|
| All kWh |
|
|
|
$0.052571 |
| All kilowatt-hours shall be subject to an adjustment per kilowatt hour in accordance with the Duke Energy Fuel Cost Adjustment: http://www.duke-energy.com/rates/kentucky/electric.asp |
| (Source: Duke Energy, 2009) |
Duke Energy is committed to developing innovative and environmentally sound generation solutions using a variety of fuels, including nuclear, coal, and biomass, as well as wind and other renewable sources. The company considers energy efficiency to be a “fifth fuel” needed to serve the growing energy demands of the communities it serves. Working with state regulators, Duke Energy is developing energy efficiency programs that save its customers money and improve the environment.
For more information regarding Duke Energy Economic Development, please visit their website or www.duke-energy.com.
Owen Electric Cooperative
A consumer-owned electric distribution corporation, serving most of the nine north-central Kentucky counties.
OEC serves the suburban and rural areas of the three-county area.
Service reliability, along with bench mark efficiency, have allowed OEC to reduce rates in excess of 14% since 1983.
| Average Cost per kWh |
| The following table provides the average cost per kWh for various rates based on hours use of demand. |
|
Customer
Monthly
Charge |
Demand
Charge |
Energy Charge
per KW |
Small Commercial
Less than 50 kW |
$12.98 |
- |
$0.09118 |
Large Power
More than 50 kW |
$20.50 |
$5.90 per kW |
$0.06894 |
LPC 1 Demand
1,000 – 2,399 kW |
$1,464.00 |
$6.81 per kW |
$0.05446 |
LPC 1A Demand
2,400 – 4,999 kW |
$1,464.00 |
$6.81 per kW |
$0.05209 |
LPC 2 Demand
5,000 kW or Over |
$2,927.05 |
$6.81 per kW |
$0.04971 |
|
|
|
|
| (Source: Owen Electric Cooperative, 2010) |
For more information about Owen Electric Cooperative, please visit www.owenelectric.com.
|