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2026 Rate Adjustment: The Power of Choice
A majority of MVEA’s costs are tied to purchasing power from Tri-State. Those costs are influenced not only by how much electricity is used, but also when it is used and the demand placed on the system. Much of our cost as an electric cooperative is now driven by our peak demand, not our total energy use. Aligning rates with those costs helps keep rates fair and more stable for all members.
What’s Changing?
- Effective with October use on November bills, MVEA Residential and Small Power members will have three rate options to choose from, allowing them to select the option that best fits their lifestyle and energy use habits. Open enrollment runs August 1 through October 15.
- Residential and Small Power members can choose from the default Demand Rate, the Time-of-Day Rate, or the Flat Rate. All Residential and Small Power accounts will default to the Demand Rate effective with October use on November bills.
- Approximately 80% of residential members are expected to see little or no change under the Demand Rate. Residential members who regularly use several large appliances at the same time may see higher bills, while those who shift and stagger use throughout the day may see savings.
We will provide more information and resources to this page in the next few weeks.