Valley Clean Energy (VCE) commenced service as an alternative electricity provider June 1. As discussed here, this is great news … your electricity costs will be reduced by ~2-3% and you will enjoy (though you can’t see/taste/touch the electrons!) cleaner electricity. (If you’re among the 7,000 property owners in Davis, Woodland and unincorporated Yolo County who have already gone solar, this article has no utility for you; here’s a recent article about Valley Clean Energy’s Net Energy Metering program.)
Now that we’re a few months into VCE’s service, many homeowners are trying to interpret their new (PG&E + VCE) electricity bill. Here’s a quick tutorial:
- Page three of your PG&E statement quantifies your electricity use and charges. (Yes, July was a brutally warm month; electricity use/costs are quite high for most everyone.) Therein, you will see two additions:
- A Generation Credit representing your Valley Clean Energy credit for the electricity generation component of your use.
- A Power Charge Indifference Adjustment, essentially the fee PG&E charges to participated in VCE.
Next, turn to page four to review “Details of VALLEY CLEAN ENERGY ALLIANCE Electric Generation Charges”. Per the below, there is a net charge of $93.28.
Finally, simple math to determine how much you will pay relative to PG&E:
- VCE Electricity Generation Charge: $93.28
- Power Charge Indifference Adjustment: $43.90
- Less, PG&E Generation Credit: -$141.43
Hence, under the above scenario the homeowner saved $4.25 this month through VCE.
Annualized, this homeowner will save ~$40 for participating in VCE. It’s not enough to buy a bottle of Jordan cab, but perhaps you can enjoy a tasty meal at Mikuni’s.
Valley Clean Energy works.