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Advance Pay

Advance Pay Rate Breakdown

The restructured rates for Advance Pay accounts will be effective October 1 for October use.

View your Account Comparison or estimate your bill using the Rate Calculator.

Click here to view the Rate 903 Advance Pay Rate Schedule.

Advance Pay Rate FAQs

The residential rate for Advance Pay (Prepay) includes three components and an adjustment factor:

Account Charge – Cost per day to make service available to a meter.

Off-Peak Energy Charge – Total energy used outside of peak hours in the billing period (kWh).

On-Peak Energy Charge – Total energy used during peak hours in the billing period (kWh).

Wholesale Power Cost Adjustment (WPCA) – Adjusts for changes in purchased power (kWh).

To save money on this rate, you do not have to take drastic measures. If you can avoid using high demand appliances (HVAC systems, electric water heaters, electric clothes dryers, pool pumps and EV chargers) during peak hours, this will help you save on your Peak Charge.

You can use anything in your home, but try to avoid “stacking” (using high demand appliances at the same time).

During the summer months, this schedule is perfect. You’ll be doing most of your duties during off-peak hours at a highly reduced rate.

During the winter months, we recommend members avoid using multiple high demand appliances (HVAC systems, electric water heaters, electric clothes dryers, pool pumps and EV chargers) at the same time. If you can wait until 9 a.m. to dry clothes, you can help keep your peak down.

If you ran your dryer during peak hours, this will contribute to your Peak Charge. You are billed for the total energy use during peak hours in your billing period.

You cannot compare your bill to your neighbor’s bill because their use is not comparable to yours. They may have different appliances, insulation, energy saving devices, size of their house, number of people living there, etc.

COMING SOON
Horry Electric has restructured rates to give you control of your bill. The restructured rates will be effective for all members beginning with September 2024 use that appears on your October 2024 statement. Advance Pay members will be effective October 1 for October use. Click below to learn more about rates and peak hours.