On May 19 the Public Utilities Commission of Ohio issued an explainer on the different utility bill terms to help consumers better understand the informaton disclosed in their energy bills.
Public Utilities Commission of Ohio
Contact: Matt Schilling
COLUMBUS, OHIO (May 19, 2016) – The Public Utilities Commission of Ohio (PUCO) wants to help Ohio consumers better understand common terms that appear on utility bills.
Here are definitions to common terms you may see on your electric and natural gas utility bills:
Apples to Apples charts – The PUCO’s electric and natural gas offer comparison charts, the only comparisons in the state for which suppliers are required to provide accurate and up-to-date information about their latest offers.
Distribution charge – The charge you pay for the cost of moving and delivering electricity or natural gas to your home or business.
Gas cost recovery (GCR) – A way for some natural gas utilities to recover dollar-for-dollar costs incurred from the purchase and delivery of natural gas to their end use customers.
Generation charge – The charge for producing electricity. If you purchase electricity from a supplier, your generation charge will depend on the contract between you and your supplier.
Hundred/thousand cubic feet (Ccf/Mcf) – One hundred/thousand cubic feet. The units used to measure natural gas usage on utility bills
Kilowatt hour (Kwh) – A unit of energy of work equal to 1,000 watt hours. For example, a 100-watt light bulb burning for 10 hours uses one kilowatt hour of energy. The unit used to measure electricity usage on electric bills
Standard choice offer – Natural gas service procured by the local distribution utility. The rate changes monthly based on the New York Mercantile Exchange month end settlement price and yearly retail auctions.
To read the entire news release, click on the link below.View this News Release (external link)