Upcoming 2025 Rate Adjustments for Commercial and Large Power Accounts: What the rate changes mean

As your electric cooperative, we are committed to providing you with safe, reliable and affordable 
electricity. We have successfully held off a rate increase since 2018. We made it through COVID-19 and the resulting supply chain and inflationary issues. However, due to years of rising costs, we can no longer continue to absorb these increases and now find we must adjust our rates. Effective with the July 2025 billing, our small commercial, large 
commercial and large power accounts will see a rate increase. A residential rate increase is expected in 2026.

Why is this necessary?

Wholesale power costs, which make up approximately 69% of our total operating expenses, continue to rise. Our wholesale power supplier, Great River Energy (GRE), has announced an 8.5% increase. This increase reflects the need for critical investments in grid infrastructure, which will strengthen our system’s resilience, expand future capacity, and support the transition to renewable energy sources, a mandate from the state.

When will this increase go into effect?

Small commercial, large commercial and large power accounts will see this rate adjustment with the July 2025 billing, to be sent out in August.

Investments in a Resilient and Sustainable Energy System

The investments we are making now will result in a more resilient, efficient, and sustainable energy system in the future. These efforts will help strengthen our grid, protect against outages, and better prepare us for the challenges posed by climate change and increased energy demand. They are also crucial for supporting the state’s mandate to transition toward renewable energy sources, which requires significant upgrades to our infrastructure.

Residential rate increase coming in 2026

While this rate adjustment will apply to commercial and large power accounts in 2025, we want to let our residential members know that a rate increase is planned for 2026. This increase will help us continue to manage rising wholesale power costs and maintain our commitment to a resilient, sustainable energy system. We will provide more details about the residential rate adjustment in future editions of NewsLine.

Looking ahead

We understand that any rate increase can be 
challenging, and we want to assure our members that these decisions are being made with careful consideration. We are committed to managing costs efficiently while ensuring we have the infrastructure and resources to meet your energy needs, both now and in the future.

Thank you for your continued support and understanding as we work to build a stronger, more adaptable energy system for all our members. We remain dedicated to providing you with safe, affordable electricity and will continue to keep 
you informed as we make these important investments.

If you still have questions, please visit our FAQ page for more info!

Approved Rates July 2025