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Important Information

  • The lobby will be closed due to COVID until further notice. 
  • USPS Mail delivery continues to be delayed. Pay your bill and view your usage online.  Click here!
  • Capital Credits returned early in May 2020. Click for more info. 
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Rates

Lorain-Medina Rural Electric's basic residential electric rate is separated into two components, Cooperative Service Charge and Purchased Power Charges.

The meters record the amount of electricity consumed and when it was consumed. Under the Time-of-Day rate, power consumed during on-peak periods costs slightly more than power consumed during the off-peak periods.

Each month, the power bill from Lorain-Medina Rural Electric's wholesale power supplier, Buckeye Power, is calculated based on the highest peak hours for the month. The cooperative does not know exactly when those peaks will occur each month, but it does have data that shows which hours those peak hours will likely occur.

The following is a summary of the Time-of-Day rate schedule for residential customers, effective Jan. 1, 2021

Lorain-Medina Rural Electric also offers load management rates for members who install a load control switch on their electric water heater or their central air, heat pump or geothermal heating and cooling system. Learn more by viewing the programs and rebates page.

Commercial and Industrial Rates

Lorain-Medina Rural Electric's commercial and industrial rates are very competitive and vary depending on load profile and other factors.

Late fee reduced to 8 percent

Effective Jan. 1, 2020, the late payment fee for electric bills received after the 24th of the month has been reduced 1 percent to 7 percent. The LMRE board of trustees plan to continue to reduce the fee by 1 percent each January until it reaches 6 percent.  
The LMRE board of trustees wants to bring the fee in line with the average late payment fee among the 24 Ohio electric cooperatives. The board’s objective is to make sure the cooperative presents an incentive for members to pay their bills on time and to recover at least 50 percent of the administrative costs associated with the collection of past due accounts. It has been at least 20 years since this fee was adjusted. In those 20 years, the cost of wholesale power has doubled. Gradually reducing the percentage each year will lessen the impact it has on rates overall and help those members who may have difficulty paying their bill on time.

TOD Rate Chart LMRE 2021
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©2021 Lorain-Medina Rural Electric Cooperative. All Rights Reserved.

  • About Us
    • About Touchstone Energy
    • Annual Meeting & Family Day
    • Board Of Trustees
      • District Map
      • Trustee Nominating & Election Schedule
    • Capital Credits
      • Capital Credits Change Of Address
      • Capital Credits Estate
      • Capital Credits FAQ
      • Capital Credits Unclaimed Funds List
    • Cooperative Principles
    • Ohio Cooperative Living Magazine
    • Membership Documents & Forms
    • Local Connections
  • Community
    • ACRE
    • Co-op Connections
    • HUG Card
    • Kids Energy Zone
    • People Fund
    • Scholarship
    • Youth Tour
    • Donation Requests
  • Member Services
    • Ask Your Energy Advisor
    • Commercial & Industrial Members
    • Energy Tips & Information
    • Rebates & Programs
    • Together We Save
    • Home Energy loans
    • Energy Calculators
  • My Account
    • About Your Bill
    • Apply For Service
    • AutoPay
    • Budget Billing
    • Fees
    • Payment Options
    • Rates
    • SmartHub
    • Transfer/Disconnect
    • Time-Of-Day Schedule
  • Safety
    • Safe Electricity
    • Safety Demonstrations
    • Safety Quiz
  • Renewable Energy
    • Distribution Generation Documents
    • OurSolar
  • Outage Information