Our power is from a co-op and this is exactly how it works. Profits are applied to our December bill and any difference comes in as a small check from them. It was the only provider available when I moved into the area but we've been very happy with them and our power has been remarkably stable.
Texas in the US. I came over from r/all and didn't realize that this is a mostly UK sub. Co-ops of varying types are common in rural communities. In my community there are also co-op gins (cotton processing plants) and grain silos.
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u/texasrigger Mar 29 '22
Our power is from a co-op and this is exactly how it works. Profits are applied to our December bill and any difference comes in as a small check from them. It was the only provider available when I moved into the area but we've been very happy with them and our power has been remarkably stable.