Hours-Based Electric Rate
Warning:
If your organization does not sell electric service (or if you do and don't use hour-based steps) you might want to skip this example as it involves understanding a fairly complex electric concept - kWh / kw = hours.
The following table illustrates the rate components necessary to levy a rate that contains the following charges:
• Monthly service charge: $10.00.
• First 10 hours of use at $0.0673 per kWh.
• Remaining hours of use at $0.032 per kWh.
• State Tax at the prevailing rate (this tax is a percentage of a dollar value).
• County Use Tax at the prevailing rate (this tax is an amount per kilowatt-hour).
Seq # | RC Type | Value Type | Value | Bill Factor | Item Type | UOM/TOU/SQI | Step Range | Cross Reference | Calc Only | Result Type |
10 | Flat Charge | Charge | 10.00 | | | | | | N | |
20 | Service Quantity | Unit Rate | 1.0 | | | KW | | | Y | Unit Rate |
30 | Service Quantity | Unit Rate | 0.0673 | | | KWH | 0 to 10 Multiply by RC: 20 | | N | |
40 | Service Quantity | Unit Rate | 0.032 | | | KWH | 10 to 99999999 Multiply by RC: 20 | | N | |
50 | Summary | | | | | | | 30, 40 | N | |
60 | Apply To | Percent | | STTAX | | | | 10, 30, 40 | N | |
70 | Apply To | Unit Rate | | COUNTYTAX | | | | 30, 40 | N | |
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