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SECO “Hot Bucks” are Hotter than Ever

Once again, SECO Energy’s “Hot Bucks” are hotter than ever. As of March 1st, SECO is lowering the cost of electricity again. Residential members will now pay $114.60 based on 1,000 kWh used, which is average residential usage in our area.

 

In the past 27 months, SECO has lowered electric rates a record seven times; this latest reduction equates to a 10.3% decrease over that timeframe. This decrease reinforces SECO’s commitment to keeping electric rates low for members. The reduction will appear on SECO bills under the line item “Hot Bucks.” The term refers to the Power Cost Adjustment (PCA) portion of your bill.

 

SECO “Hot Bucks” are Hotter than Ever

 

Seminole Electric is SECO Energy’s wholesale power provider. SECO works closely with Seminole to ensure it offers our members the lowest rate we can; when the wholesale purchase price goes down, usually due to a reduction in fuel costs, SECO lowers the PCA and members see their bills decrease.

 

As a not-for-profit electric cooperative, when wholesale power costs are lower, SECO shares the savings with its members. Decreasing the current electric rate is a joint effort between SECO, Seminole Electric, and SECO’s employees. SECO employees and management work diligently to keep costs down and control expenses.

 

CEO Jim Duncan is pleased to announce this latest decrease, “We at SECO realize that many of our members carefully track their expenditures. Like our members, SECO carefully plans its expenses; we are mindful that controlling costs is beneficial for our members and the communities we serve.”

 

Duncan continued, “I believe SECO’s continued commitment to low electric rates is just one of the reasons why our members are satisfied with the service they receive from our cooperative. When our members open their electric bills, instead of being surprised by higher rates, they are continually pleased to see SECO’s cost of power falling.”

 

Currently, SECO is ranked by J.D. Power as highest in customer satisfaction among midsize utilities in the south. The latest rate decrease reinforces SECO’s position as one of the most affordable electric utilities in Central Florida.

 

SECO Employee Named Sumter County Chamber Volunteer of the Year

SECO Energy is proud to announce that Ryon Meyers, Key Accounts Consultant, has been named Sumter County Chamber Volunteer of the Year.

 

Ryon has dedicated numerous hours to many different projects in support of the Sumter County Chamber. Each month, Ryon has set up tables, chairs, audio and video equipment as well as volunteered for clean up before and after all chamber luncheons. He has attended all quarterly signature events and delivered welcome packages to all new chamber members.

 

“I am so proud of Ryon,” stated Barbara Shaw, SECO’s Manager of Key Accounts & Energy Services. “It warms my heart to have employees on my team willing to dedicate their time to give back to our community. I am so pleased that Ryon’s contributions and hard work are recognized by the Sumter County Chamber.”

SECO Employee Named Sumter County Chamber Volunteer of the Year

Kathryn Gloria, SECO’s Vice President of Corporate Communications & Energy Services agrees, “I am humbled that many of our employees donate their time and talents to help others. As a not-for-profit cooperative, we support the communities we serve and our employees exemplify this through their willingness to lend a hand.”

 

Concern for Community is a key cooperative principle and SECO is proud that its employees take their personal time to volunteer within their communities. Recently, SECO employees have volunteered their time to United Way for the Day of Caring project in Marion County and pledged nearly $45,000 in donations to United Way for 2016.

 

SECO strives to be a good corporate citizen and partner to our members and the communities we serve. Our employees contribute countless hours of their free time in order to make a personal difference in their communities. Many SECO members also aid communities in need by agreeing to round up their monthly electric bills to the nearest dollar. These extra pennies make a difference for local communities’ one penny at a time.

 

Learn more about SECO’s corporate citizenship or its Pennies from Heaven program here.