Five-Year Rate Restructuring Plan
Rate design is a balancing act between meeting revenue needs while minimizing the overall financial impact to members. As a not-for-profit organization, it is necessary to recover the costs of doing business, as well as maintain enough cash reserves (margins) to reinvest in the system.
The Cooperative underwent a class cost of service study which resulted in a five-year rate restructuring plan and rate changes. People's is committed to minimizing the impacts to members by controlling costs while maintaining the reliability, quality, and integrity of the electric system we all rely upon.
We hope you find the information below helpful in understanding the rate restructuring process.
2021 Rate Change & Five-Year Rate Restructuring Plan
In 2021, we entered the third year of our five-year rate restructure plan. We hope you find the information in this video helpful in understanding the rate restructuring process.
Current Rates (Effective September 1, 2022)
Please note this only lists rates that changed and the most common rates used by members. For a full listing of rates available, contact the Cooperative.
Rate | Details |
---|---|
Single-Phase Residential Service Includes: residential homes or apartments outside of an incorporated city |
Basic Service Charge: $52/month Energy Charge: |
Single-Phase Residential Urban Includes: residential homes or apartments within the boundaries of an incorporated city |
Basic Service Charge: $30/month Energy Charge: |
On-Peak Electric Space Heating (Closed - not available to new applications) Available for: separately metered, single-phase residential service for the primary purpose of heating with electricity |
Basic Service Charge: $5.50/month Energy Charge: |
Off-Peak Electric Space Heating Available for: separately metered, single-phase service, which has utility approved electric space heating equipment at least 8 kW. |
Basic Service Charge: $5.50/month Energy Charge: $0.06000/kWh |
Off-Peak Electric Vehicle Charging Available for: separately metered, single-phase service, which has utility approved hard-wired, level two electric vehicle charger |
Basic Service Charge: $5.50/month Energy Charge: $0.06000/kWh |
Dual Fuel Space Heating Available for: separately metered, controlled dual electric space heating where electric service is also used for lighting or other purposes |
Basic Service Charge: $5.50/month Energy Charge: $0.0711/kWh (Sept.-May) |
Load Management - Non-Compliant Available for: member whose same single-phase service was previously metered on load management rate and has been found to be non-compliant per the load management agreement |
Basic Service Charge: $20.00/month Energy Charge: |
Single-Phase General Service with Electric Heat
|
Basic Service Charge: $52.00/month Energy Charge: |
Off-Peak Electric Water Heating Available for: single-phase general service under a single-phase rate schedule, which has utility approved electric water heating equipment of at least 100 gallons, subject to the established rules and regulations of the Cooperative |
Basic Service Charge: $5.50/month Energy Charge: $0.06000/kWh |
Electric, Shared/Community Water Well and Septic (Rate Y) |
Basic Service Charge: $20.00/month Energy Charge: |
Unconnected General Service Line Extensions Available to the consumers for whom the cooperative has extended service lines, but have no connected a service load, for general single-phase or three-phase service. |
Basic Service Charge: |
Please note this only lists rates that changed and the most common rates used by members. For a full listing of rates available, contact the Cooperative.
Rate | Details |
---|---|
Small General Service Includes: farms, small grain bins or dryers, and small to medium-sized businesses |
Basic Service Charge: Energy Charge: |
Medium General Service Includes: farms, large grain bins or dryers, large-sized farms, medium to large size business, and industrial operations |
Basic Service Charge: Energy Charge: $0.06100/kWh Demand Charge: |
Controllable Seasonal Rate Available to members with seasonal energy use requiring at least a 70 KVA transformer |
Basic Service Charge: $123/month Energy Charge: $0.05710/kWh Demand Charges: Seasonal Demand Charge When Load Control is Requested: |
Peak Alert Interruptible Available to members where their monthly maximum demand will or has exceeded 20 kW for at least once annually and the member has the ability to maintain their system's operation during periods of load control through the use of a standby generator |
Basic Service Charge: $136/month Energy Charge: $0.05710/kWh Demand Charges: Seasonal Demand Charge when Load Control is Requested: |
Three-Phase General Service with Electric Heat |
Rate was discontinued beginning with September 1, 2021 and moved to appropriate General Service Rate. |
Cooperative owned, outdoor, dusk to dawn, unmetered lighting.
This rate includes installation, maintenance, and electricity with installation on an existing pole where 120 volts (secondary distribution facilities) is available ahead of the member's metering. All outdoor lighting fixtures shall be owned, maintained, and operated by the Cooperative.
Please note this only lists rates that changed and the most common rates used by members. For a full listing of rates available, contact the Cooperative.
Rate | Details |
---|---|
SMEC Single-Phase Residential Includes: residential homes or apartments |
Basic Service Charge: $30/month Energy Charge: |
SMEC Optional Single-Phase Residential Includes: residential homes or apartments |
Basic Service Charge: $30/month Energy Charge: Demand Charge: |
SMEC Stored-Heat Space Heating (Off-Peak) (Rate 310) |
Basic Service Charge: $5.50 Energy Charge: |
SMEC Controlled Water Heating (Rate 350 Off-Peak, 357 On-Peak, 358 Off-Peak) |
Basic Service Charge: $5.50 Energy Charge: |
Please note this only lists rates that changed and the most common rates used by members. For a full listing of rates available, contact the Cooperative.
Rate | Details |
---|---|
SMEC General Service Includes: small commercial buildings |
Basic Service Charge: Energy Charge: |
SMEC General Demand Service Includes: medium to large commercial buildings |
Basic Service Charge: Energy Charge: $0.06100/kWh Demand Charge: |
SMEC Large Power and Lighting Includes: large industrial operations |
Basic Service Charge: $115/month Energy Charge: $0.06100/kWh Demand Charge: |
SMEC Large Power and Lighting Interruptible Service Includes: large industrial operations |
Basic Service Charge: $250 Energy & Demand Charges: Sept.-May June-Aug. |
SMEC Controlled Water Heating (Rate 350 Off-Peak, 357 On-Peak, 358 Off-Peak) |
Basic Service Charge: $5.50 Energy Charge: |
Rate | Details |
---|---|
SMEC Municipal Pumping
|
Rate was discontinued beginning September 1, 2020 and moved to appropriate General Service Rate. |
SMEC Demand Metered Municipal Pumping
|
Rate was discontinued beginning September 1, 2020 and moved to appropriate General Service Rate. |
SMEC Single-Phase Farm
|
Rate was discontinued beginning September 1, 2020 and moved to appropriate General Service Rate. |
SMEC Three-Phase Farm
|
Rate was discontinued beginning September 1, 2020 and moved to appropriate General Service Rate. |
Cooperative owned, outdoor, dusk to dawn, unmetered lighting.
The rate for Cooperative owned lights includes installation, maintenance, and electricity with installation on existing pole where 120 volts (secondary distribution facilities) is available ahead of the member's metering. All outdoor lighting fixtures shall be owned, maintained, and operated by the Cooperative.
Municipal owned, outdoor, dusk to dawn, unmetered lighting.
The Cooperative will furnish all electric energy required to operate the municipality's street lighting system. All maintenance shall be the responsibility of the municipality.
*Holidays are New Year's Day, Memorial Day, Independence Day, Labor Day, Thanksgiving Day, and Christmas Day
Rate | Details |
---|---|
Single-Phase Residential Time-of-Use Includes: residential homes or apartments |
Basic Service Charge: Energy Charge: Definition of Peak Periods: |
Electric Vehicle Charging Time-of-Use Includes: electric vehicle charging |
Basic Service Charge: Energy Charge: Definition of Peak Periods: |
General Service Time-of-Use Includes: single or three-phase general service, 60 Hz, at available secondary voltages |
Basic Service Charge: Energy Charge: Definition of Peak Periods: |
General Service with Demand Time-of-Use Includes: single or three-phase general service, 60 Hz, at available secondary voltages |
Basic Service Charge: Energy (kWh) Charge (all days and months): Demand (kW) Charge: Winter, Other Months, and All Weekends and Holidays* (Sep - May; all days): |
For questions specific to your account, email memberservices@peoplesenergy.coop or call
(507) 367-7000 or toll-free at (800) 214-2694 during business hours (M-F, 7:30am - 4:00pm).