About Your Bill :: Indian Electric Cooperative, Inc.

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	About Your Bill
	Reducing Your Bill
	Energy Efficiency
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	Gross Receipts Tax

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	Overview of Options
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Customer Service

(918) 358-2514 1-800-482-2750 (918) 358-2518 (Fax)

E-Mail
info@iecok.com

Home > Account Services > About Your Bill

Take control of your electric bill!

IEC offers a wide variety of information and account options to help you better manage your account and budget.

Wondering what that number on your bill represents? Check out our Interactive Bill at right for a detailed explanation of your monthly account statement.

ACCOUNT NUMBER

Your 10-digit Account Number is located in the upper left hand corner of the bill detail. This unique number identifies the specific account set up under your membership for the meter being tracked by this bill. Many of our members have more than one meter (house, barn, oil well, water well, etc.) and therefore have more than one account number. It is important that you provide the account number in question any time you need information on your account or report a concern, allowing us to more accurately address the specific meter.

BILLING CYCLES

In order to better serve our members, Indian Electric Cooperative collects and processes metering data in three billing cycles. The billing cycle assigned to your account is located directly to the right of your account number. IEC accounts are billed on the following cycles:

Cycle 1: Due on the 10th of the month. Past due after the 30th of the month.
Cycle 2: Due on the 20th of the month. Past due after 20 days.
Cycle 3: Due on the 1st of the month. Past due after the 20th of the month.

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BILLING DATE

Due date of bill. This date is determined by your Billing Cycle.

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RATE SCHEDULE

Rate class assigned to your account. Rate classes are defined by the Oklahoma Corporation Commission and assigned according to your energy consumption. For detailed information on rates, see our Account Services - Rates page.

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METER READINGS

Your bill lists the Present Meter Reading, the amount of kWh's recorded by the meter at the time of its most recent read; Previous Reading, the number of kWh's recorded on your last bill; and Difference, the number of kWh's recorded by the meter during the current billing period.

IEC Meters are read by contract meter readers, automated systems, and by the member themselves. To learn more about the metering process or to submit your current meter readings online, see our Account Services - About Your Meter page.

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KWH USAGE

Your electricity usage is metered in Kilowatt Hours (kWh). A kWh is equivalent to 1,000 watts (1.34 hp) of power used for a period of 1 hour. For example, if you were to use a 1.5 horsepower (about 1,000 watts) motor for an hour or a 100 watt appliance for 10 hours, each would consume roughly 1 kWh of electricity.

Steps in Calculating Usage Costs
Volt x Amps = Watts
Watts / 1000 = Kilowatt (kW)
Kilowatt (kW) x Hours of Use = Kilowatt Hour (kWh)
Kilowatt Hours (kWh) x rate = Cost of Usage

Calculating Watts
Volts x Amps = (Watts)

Calculating Amperes
Watts / Volts = (Amps)

Calculating Volts
Watts / Amps = (Volts)

Calculating Resistance (Ohms)
Volts/Amps = R (Resistance)

For more information on energy usage or to try our Online Energy Audit, see Customer Services - Energy Efficiency.

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ENERGY CHARGE

Charge for energy used during billing period. Gross Receipts Taxes are collected on this charge.

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SECURITY LIGHT CHARGES

Flat rate of $7.45 per IEC Security Light on meter. See Security Lighting to view our Security Light policy and apply for a light online.

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CUSTOMER CHARGE

Basic minimum charge for service to meter. Every member is assessed this charge regardless of volume of load on meter. This charge has been traditionally rolled directly into the member's energy charge, but is now itemized seperately to provide a more accurate explanation of monthly costs.

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FIRE DEPARTMENT DUES

Indian Electric Cooperative was founded on community development and improvement. In the spirit of this tradition, IEC works with local Fire Departments to collect monthly Fire Department dues. These dues are levied by the local Fire Department and are remitted directly to the department by IEC. These charges are exempt from all other charges and taxes. The following list details current local department charges:

North 48 ......... $3.00

Silver City ......... $4.00

Blackburn ......... $3.00

Basin ......... $3.00

Pennisula ......... $4.17

Keystone ......... $4.00

Terlton ......... $4.00

Jennings ......... $4.00

Olive ......... $3.00

Cleveland ......... $4.00

Maramec ......... $4.00

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STATE GROSS RECEIPTS TAX

Electric Cooperatives are assessed a State Gross Receipts Tax based on the amount of energy sold in their territory. This tax is basically a sales tax on natural resources and energy consumed in Oklahoma. The unique advantage of a gross receipts tax on electric cooperatives is that it directly benefits the local school district in which the tax is assessed. Over $400,000 was contributed to schools within the IEC territory during 2005 through the gross receipts tax.

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PRIOR BALANCES

Unpaid balances from previous bills are carried into the next billing period along with appropriate late penalties. Late fees are calculated at .5% of unpaid balance. Unpaid bills are subject to disconnection and collection.

We understand that occasionally circumstances arise that make it difficult to pay bills when they come due. Our customer service representatives are always willing to work with you to make appropriate payment arrangements and protect your credit rating and membership standing with IEC.

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BILLING & PAYMENT OPTIONS

Make your bill fit your budget and lifestyle. We offer several BILLING & PAYMENT options including ONLINE BILLING and BUDGET BILLING that allow IEC members to tailor their account to their individual needs.

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REDUCING YOUR BILL

You can save hundreds and even thousands of dollars a year by taking simple steps towards conserving energy around your home and business. Check out our Customer Services - Energy Efficiency page for tips and an online Energy Audit.

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