Off-Peak Rate Increase Effective January 2023
MONDAY, DECEMBER 12, 2022
LREC’s off-peak wholesale power rates from Great River Energy (GRE) are rising due to increases in the wholesale power market, which is primarily driven by the wholesale natural gas market.
LREC has absorbed multiple wholesale off-peak rate increases over the years, to keep off-peak rates stable for our members. Our dual fuel and ETS rates have remained stable since 2008 and 2017, respectively. The latest wholesale increase has resulted in the need for additional revenue to serve these loads.
| Off-Peak Rates | Current Rate | New Rate |
| Off-Peak Storage (ETS) | 4.8¢/kWh | 5.5¢/kWh |
| Interruptible: Dual Fuel & Peak Shave Water Heater | 6.1¢/kWh Summer | 6.8¢/kWh Summer |
| 5.4¢/kWh Other | 6.1¢/kWh Other |