Service Map
Rate Hearing for Time of Use set for February 10th Light Board Meeting
Category: Uncategorized | Posted On: February 4, 2025
Background
Residential Time of Use Rate A TOU (TOU rate) is currently available to a limited number of customers in order to evaluate a pricing structure where the cost of electricity varies depending on the season and time of day. The Municipal Light Board will be reviewing possible adjustments to this rate at their next meeting.
Belmont Light reviews rates every 3-5 years as is industry standard. Over the past year we have been working with Daymark Energy Advisors to analyze our costs and rate design. Their analysis of Belmont Light’s TOU rate found:
- Summer peak hours could be shortened by 1 hour (starting at 2pm instead of 1pm), giving customers one additional hour of non-peak use for things like cooling their home.
- That the current TOU rate doesn’t accurately reflect the allocated costs of the program.
Based on these findings, the Light Board will review a proposed TOU rate at a rate hearing at the:
Belmont Municipal Light Board Meeting
Monday, February 10, 2025 at 7:30 A.M.
Hybrid – In person and via Zoom
In person: Belmont Light Conference Room at 40 Prince Street
Zoom: Meeting ID 819 0684 3124 / https://us02web.zoom.us/j/81906843124
(Link will not be active until the meeting.)
In addition to attending the meeting, you can also email any comments or questions to us at TimeOfUse@BelmontLight.com.
Proposed Changes
Below is an overview of two potential rates with changes from the current TOU in bold. Rate 2 shortens the summer on-peak hours; Rate 1 does not. The Light Board may consider additional options.
| Proposed TOU Rates: Overview | |||||
| Current Rates | Proposed Rate 1 No change to peak hours | Proposed Rate 2 Summer on-peak 1 hour shorter | |||
| 2025 | 2026 | 2025 | 2026 | ||
| Customer Charge | $12.60 | $13.60 | $14.60 | $13.60 | $14.60 |
| Total Summer Energy Charges (per kWh) | on-peak is 1pm-7pm | on-peak is 1pm-7pm | on-peak is 1pm-7pm | on-peak is 2pm-7pm | on-peak is 2pm-7pm |
| On-Peak | 0.47712 | 0.51842 | 0.55972 | 0.54091 | 0.58221 |
| Off-Peak | 0.13820 | 0.13679 | 0.13537 | 0.14280 | 0.14138 |
| Total Non-Summer Energy Charges (per kWh) | on-peak is 4pm-8pm | no change to hours | no change to hours | no change to hours | no change to hours |
| On-Peak | 0.31720 | 0.34230 | 0.36740 | 0.34230 | 0.36740 |
| Off-Peak | 0.14336 | 0.14195 | 0.14053 | 0.14195 | 0.14053 |
The energy buyback rate (solar buyback) would be equal to the energy charges less the distribution charge.
| Proposed TOU Rates: Energy Buyback Impact | |||||
| Current Rates | Proposed Rate 1 No change to peak hours | Proposed Rate 2 Summer on-peak 1 hour shorter | |||
| 2025 | 2026 | 2025 | 2026 | ||
| Summer Buyback | |||||
| On-Peak | 0.39566 | 0.43837 | 0.48109 | 0.46086 | 0.50358 |
| Off-Peak | 0.05674 | 0.05674 | 0.05674 | 0.06275 | 0.06275 |
| Non-Summer Buyback | |||||
| On-Peak | 0.23574 | 0.26225 | 0.28877 | 0.26225 | 0.28877 |
| Off-Peak | 0.06190 | 0.06190 | 0.06190 | 0.06190 | 0.06190 |
The exact impact to your monthly bill would depend on your usage but could look like this:
| Monthly Bill Impact: Proposed Rate 1 (no change to peak hours) | |||||
| Usage* | Current Rates | Proposed 2025 | Proposed 2026 | First Year Change | Total Change Over 2 Years |
| 300 kWh | $67.02 | $69.25 | $71.49 | $2.24** | $4.48 |
| 550 kWh | $112.36 | $115.63 | $118.90 | $3.27 | $6.54 |
| 1000 kWh | $193.99 | $199.12 | $204.25 | $5.13 | $10.26 |
*Assumed 17% of consumption is on-peak. **Fractions of cents were rounded.
| Monthly Bill Impact: Proposed Rate 2 (summer on-peak 1 hour shorter) | |||||
| Usage* | Current Rates | Proposed 2025 | Proposed 2026 | First Year Change | Total Change Over 2 Years |
| 300 kWh | $67.02 | $70.14 | $72.38 | $3.12 | $5.36 |
| 550 kWh | $112.36 | $117.26 | $120.53 | $4.90 | $8.17 |
| 1000 kWh | $193.99 | $202.07 | $207.20 | $8.08 | $13.21 |
*Assumed 17% of consumption is on-peak
The chart below is a more detailed breakdown of the proposed rates into their individual components.
| Proposed TOU Rates: Detailed Breakdown | |||||
| Current Rates | Proposed Rate 1 No change to peak hours | Proposed Rate 2 Summer on-peak 1 hour shorter | |||
| 2025 | 2026 | 2025 | 2026 | ||
| Customer Charge | $12.60 | $13.60 | $14.60 | $13.60 | $14.60 |
| Summer Energy Charges per kWh | on-peak is 1pm-7pm | on-peak is 1pm-7pm | on-peak is 1pm-7pm | on-peak is 2pm-7pm | on-peak is 2pm-7pm |
| Generation | |||||
| On-Peak | 0.28501 | 0.28501 | 0.28501 | 0.29102 | 0.29102 |
| Off-Peak | 0.05674 | 0.05674 | 0.05674 | 0.06275 | 0.06275 |
| Transmission | |||||
| On-Peak | 0.11065 | 0.15336 | 0.19608 | 0.16984 | 0.21256 |
| Off-Peak | |||||
| Distribution/Conservation | 0.08146 | 0.08005 | 0.07863 | 0.08005 | 0.07863 |
| Total Energy Charge | |||||
| On-Peak | 0.47712 | 0.51842 | 0.55972 | 0.54091 | 0.58221 |
| Off-Peak | 0.13820 | 0.13679 | 0.13537 | 0.14280 | 0.14138 |
| Non-Summer Energy Charges per kWh | on-peak is 4pm-8pm | no change to hours | no change to hours | no change to hours | no change to hours |
| Generation | |||||
| On-Peak | 0.09748 | 0.09748 | 0.09748 | 0.09748 | 0.09748 |
| Off-Peak | 0.06190 | 0.06190 | 0.06190 | 0.06190 | 0.06190 |
| Transmission | |||||
| On-Peak | 0.13826 | 0.16477 | 0.19128 | 0.16477 | 0.19128 |
| Off-Peak | |||||
| Distribution/Conservation | 0.08146 | 0.08005 | 0.07863 | 0.08005 | 0.07863 |
| Total Energy Charge | |||||
| On-Peak | 0.31720 | 0.34230 | 0.36740 | 0.34230 | 0.36740 |
| Off-Peak | 0.14336 | 0.14195 | 0.14053 | 0.14195 | 0.14053 |