Rate Adjustment Effective With February Billing Cycles
As a not-for-profit electric cooperative owned by its members, Prairie Energy’s board of directors only increases rates when it must, to remain financially stable and to meet our lender’s financial covenants. Your board of directors and employees take this responsibility very seriously, as we too are members, and have worked very hard to control costs and manage member resources wisely.
Basin Electric Power Cooperative, one of our wholesale power suppliers, will increase their rates by over 18% the next two years. Our other wholesale power supplier, Corn Belt Power Cooperative will also increase their rates to us by an average of 10% over the next three years. Wholesale power accounts for roughly 70% of our total costs and has a significant impact on our operations. This is Prairie Energy’s first rate increase in ten years.
In November, your board of directors approved a rate increase effective with the February 2026 billing cycles. Every rate class will experience an increase of about 10% for 2026. Prairie Energy returns any margins to its members, so there is no incentive to raise rates more than necessary. Rate adjustment percentages will vary depending on members’ specific energy usage.
You can see the new rates listed below.
