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 |