Escambia River Electric Cooperative’s wholesale power costs are highly affected by its members’ highest electricity peak use and can affect your rates for the whole year if that use is extremely high, but there’s something you can do through EREC’s new Beat the Peak Savings Program.
This initiative focuses on water heaters, which can account for approximately 18% of your home’s annual electricity consumption. An electric water heater peak shaving device (LCM) will be installed at no cost to you. While ensuring you still have hot water when needed, the reheating process is delayed to off-peak times. The goal of the Beat the Peak Savings Program is straightforward by reducing EREC’s system energy use during peak times, EREC can mitigate the impact of its wholesale power costs. Peak energy can be two to three times more expensive to produce than off-peak power, but this program provides a means to manage electricity use during the most expensive periods. Keeping EREC’s wholesale power costs down helps maintain stable rates for all its members.
- Let EREC know you want to participate in the free Beat the Peak Savings Program by calling 850-675-4521.
- The LCM is installed at no cost to you by trained EREC personnel. Call the number above to set up an install date and time that is convenient to you.
- You will receive an initial $25 bill credit for each properly functioning LCM installed on your water heater(s), plus a $3 recurring bill credit each month for as long as each properly functioning LCM stays installed on your water heater—minimum of 5 years.
- Water heater(s) must be a minimum of 30 gallons.
- Heat Pump Water Heaters do not qualify for this program.
Together, we can control the way we manage our personal energy use. It’s a mutually beneficial partnership. By helping EREC in reducing its energy use during peak times, power bills for members can remain as low as possible. If you want to do your part to help keep rates low with EREC’s Beat the Peak Savings Program, call 850-675-4521 or stop by one of the Jay or Walnut Hill offices.