The recent rate adjustment approved by the Meeker Cooperative Board of Directors, which took effect on April 1, 2024. This decision was made after careful consideration to address the impact of inflation on energy prices and essential electrical distribution equipment.
You will see the effects of this adjustment reflected on your bills in May. The overall rate increase across all rate classes is 3.2%. This adjustment ensures the continued reliability and quality of our service to you, our valued members and owners. The decision to raise rates is never taken lightly. We understand the impact it may have on your household budget. However, it’s essential to maintain the integrity of our operations and support crucial investments in our distribution system for long-term reliability.
The charts to the below show the rate adjustment for the Small Single-Phase rate which includes an increase in the Fixed Charge from $43 to $46.50 per month. Additionally, there will be adjustments to the Energy Charge structure, with the summer rate remaining at 12.3¢/kWh and the rate for other months increasing from 10.3¢/kWh to 12.3¢/kWh. Additionally, the Power Cost Adjustment (PCA) will be adjusted to show $.0000/kWh. From time to time an adjustment to the PCA may be warranted, such as the Cooperative receiving a PCA from one or more of its wholesale power providers. For information on all rate classes go to https://www.meeker.coop/rates/
We understand that managing monthly bills is important to you. That’s why we offer various energy management programs and rebates to assist in conserving energy and cutting costs. By participating in these programs, you not only lower your energy bills but also contribute to maintaining stable rates.
If you are facing financial challenges, please reach out to us to discuss acceptable payment plans. Additionally, resources provided by the Minnesota Department of Commerce can assist eligible members with utility payments. If you have any questions regarding this rate adjustment, we encourage you to call our office during regular business hours (8 am-4:30 pm) at 320-693-3231.