Rate Change: Who, What, When, Why, and Where

Who:  All LREC members/all rate classes.

What: Rate changes across all rate classes. The rate class relevant to many is the Residential/Farm which has the following changes: facility charge goes from $24 to $39 and energy rates (per kWh)  from 10.9¢ to 9.6¢ (12.2¢ to 11¢ for summer months of June, July, and August).

When:  New rates in effect as of September 1st, 2023.

Why:  Rising wholesale power costs from Great River Energy (GRE), increasing material costs, and other inflationary change.

Where:  Go to https://ratecalc.lrec.coop to preview how your bill may be affected by the new rates.