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The PPA (Power Purchase Adjustment) factor on your customer bill reflects the cost of wholesale power that we must purchase to meet the total power demand for our system. This cost is meant to cover the power we need to buy above our contracted base rate, ensuring we can supply reliable electricity to all our members. The PPA includes not only the wholesale price of the power itself but also the cost to transmit that power through the transmission lines to our system plus any NY Independent System Operator costs.
It's important to note that the PPA rate can fluctuate monthly and even hourly depending on market conditions. During periods of high demand, such as cold winter temperatures, the cost of purchasing power tends to increase which can cause the PPA charges to rise. These fluctuations help us cover the real-time costs of providing electricity, especially during peak usage times.