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Rates

Understanding Rates

At People's Energy, we strive to provide members with reliable electric service at fair and reasonable prices which meets or exceeds industry standards for availability, quality, and continuity.  

To learn more about rates associated with distributed energy resources (wind, solar, etc.), click below.

Distributed Energy Resource Rates

PEC Rate Structures

Legacy Rates

The rates listed below apply to members whose current service location has always been part of the People's Energy Cooperative service territory.

Please note this only lists the most common rates used by members.  For a full listing of rates available, contact the Cooperative.

Rate Details

Single-Phase Residential Service
(Rate A)

Includes: residential homes or apartments outside of an incorporated city

Basic Service Charge: $45/month

Energy Charge: 
$0.10500/kWh (Sept.-May)
$0.12500/kWh (June-Aug.)

Single-Phase Urban Service 
(Rate AU)

Includes: residential homes or apartments within the boundaries of an incorporated city

Basic Service Charge: $30/month

Energy Charge:
$0.10500/kWh (Sept.-May)
$0.12500/kWh (June-Aug.)

Small General Service
(Rate B & B1 - metered demand is less than 25kW)

Includes: farms, small grain bins or dryers, and small to medium-sized businesses

Basic Service Charge:
$45/month (Single-phase - B1)
$96/month (Three-phase - B)

Energy Charge:
$0.09500/kWh (Sept.-May)
$0.11500/kWh (June-Aug.)

Medium General Service 
(Rate C & C1 - metered demand is more than 25kW)

Includes: farms, large grain bins or dryers, large-sized farms, medium to large size business, and industrial operations

Basic Service Charge:
$45/month (Single-phase - C1)
$115/month (Three-phase - C)

Energy Charge: $0.06250/kWh

Demand Charge:
$11.75/kW (Sept.-May)
$15.25/kW (June-Aug.)

Off-Peak Electric Space Heating 
(Rate E)

Includes: electric heating and electric water heaters

Basic Service Charge: $5.50/month

Energy Charge: $0.06500/kWh

Off-Peak Electric Vehicle Charging
(Rate EV)

Requires: approved hard-wired, level two electric vehicle charge

Basic Service Charge: $5.50

Energy Charge: $0.06500/kWh

Dual Fuel Space Heating
(Rate F)

Includes: electric heating, electric water heaters

Basic Service Charge: $5.50/month

Energy Charge:
$0.0711/kWh (Sept.-May)
$0.1000/kWh (June-Aug.)

 

SMEC Rates

The rates listed below apply to members whose current service location was added to People's Energy Cooperative through the acquisition of the Alliant Energy Service Territory.  This primarily includes the communities of Plainview, Elgin, Eyota, Dover, Stewartville and Chatfield.

Please note this only lists the most common rates used by members.  For a full listing of rates available, contact the Cooperative.

Rate Details

SMEC Single-Phase Residential 
(Rate 160)

Includes: residential homes or apartments

Basic Service Charge: $20/month

Energy Charge: 
$0.12500/kWh (June-Aug.)
$0.10500/kWh (Sept.-May)

SMEC General Metered
(Rate 260/263)

Includes: small commercial buildings

Basic Service Charge:
$30/month (260 single-phase)
$45/month (263 three-phase)

Energy Charge:
$0.11500/kWh (June-Aug.)
$0.09500/kWh (Sept.-May)

SMEC General Demand Metered
(Rate 290/293)

Includes: medium to large commercial buildings

Basic Service Charge:
$45/month (290 single-phase)
$76/month (293 three-phase)

Energy Charge:
$0.06250/kWh

Demand Charge:
$12.80/kW (June-Aug.)
$9.11/kW (Sept.-May)

SMEC Large Power and Lighting
(Rate 360)

Includes: large industrial operations

Basic Service Charge: $115/month

Energy Charge:
$0.06250/kWh

Demand Charge:
$15.30/kW (June-Aug.)
$11.64/kW (Sept.-May)

Off-Peak Electric Space Heating 
(Rate E)

Includes: electric heating and electric water heaters

Basic Service Charge: $5.50/month

Energy Charge: $0.06500/kWh

Off-Peak Electric Vehicle Charging
(Rate EV)

Requires: approved hard-wired, level two electric vehicle charge

Basic Service Charge: $5.50

Energy Charge: $0.06500/kWh

Dual Fuel Space Heating
(Rate F)

Includes: electric heating, electric water heaters

Basic Service Charge: $5.50/month

Energy Charge:
$0.0711/kWh (Sept.-May)
$0.1000/kWh (June-Aug.)

Time-of-Use (TOU) Rates
Rate Details

Single-Phase Residential Time-of-Use
(Rate 167/167r, 168, 169)

Includes: residential homes or apartments

Basic Service Charge: 
$20/month (Urban - 167)
$45/month (Rural - 167r)

Energy Charge:
$0.2210/kWh (On-Peak - 167/167r)
$0.1008/kWh (Off-Peak - 168)
$0.0580/kWh (Overnight - 169)

Definition of Peak Periods:
On-Peak: 1-9 pm, M-F, excluding holidays
Off-Peak: 6am-1pm, Weekdays & all hours on weekends and holidays
Overnight: 9pm-6am, All Days

Optional Electric Vehicle Charging Time-of-Use
(Rate 167EV, 168EV, 169EV)

Includes: electric vehicle charging

Basic Service Charge: 
$5.50/month

Energy Charge:
$0.2210/kWh (On-Peak - 167EV)
$0.1008/kWh (Off-Peak - 168EV)
$0.0580/kWh (Overnight - 169EV)

Definition of Peak Periods:
On-Peak: 1-9 pm, M-F, excluding holidays
Off-Peak: 6am-1pm, Weekdays & all hours on weekends and holidays
Overnight: 9pm-6am, All Days

General Service Time-of-Use
(Rate 267/267t, 268, 269)

Includes: single or three-phase general service, 60 Hz, at available secondary voltages

Basic Service Charge:
$30/month (Single-Phase - 267)
$45/month (Three-Phase - 267t)

Summer Energy Charges (June – Aug; weekdays only, excludes weekend and holidays*):
$0.2562/kWh (On-Peak: 1pm - 9pm)
$0.0826/kWh (Off-Peak: 6am - 1pm)
$0.0500/kWh (Overnight: 9pm - 6am)

Winter Energy Charges (Dec – Feb; weekdays only, excludes weekends and holidays*):
$0.2735/kWh (On-Peak: 4pm - 9pm)
$0.0826/kWh (Off-Peak: 6am - 4pm)
$0.0500/kWh (Overnight: 9pm - 6am)

Other Months Energy Charges (Mar – May and Sep – Nov; weekdays only, excludes weekends and holidays*):
$0.1907/kWh (On-Peak: 4pm - 9pm)
$0.0826/kWh (Off-Peak: 6am - 4pm)
$0.0500/kWh (Overnight: 9pm - 6am)

All Months Energy Charges – All weekends and Holidays*:
$0.0826/kWh (Off-Peak: 6am - 9pm)
$0.0500/kWh (Overnight: 9pm - 6am)

*Holidays are New Year’s Day, Memorial Day, Independence Day, Labor Day, Thanksgiving Day, and Christmas Day

General Service with Demand Time-of-Use
(Rate 367/367t, 368, 366, 369)

Includes: single or three-phase general service, 60 Hz, at available secondary voltages

Basic Service Charge:
$45/month (single-phase - 367)
$115/month (three-phase - 367t)

Energy (kWh) Charge (all days and months):
$0.0714/kWh (Daytime: 6am - 9pm)
$0.0399/kWh (Overnight: 9pm - 6am)

Demand (kW) Charge:
Summer (Jun-Aug; weekdays only, excludes weekends and holidays*):
     $20.64/kW (On-Peak: 1pm - 9pm)
     $6.97/kW in excess of on-peak kW
     (Off-Peak: 9pm - 1pm)

Winter, Other Months, and All Weekends and Holidays* (Sep - May; all days):
     $12.46/kW (On-Peak: 4pm - 9pm)
     $6.97/kW in excess of on-peak kW
     (Off-Peak: 9pm - 4pm)

*Holidays are New Year's Day, Memorial Day, Independence Day, Labor Day, Thanksgiving Day, and Christmas Day

 

Rate Definitions

Basic Service Charge

The Basic Service Charge accounts for the majority of the Cooperative's investment in poles, wires, transformers, and equipment to provide members with electric service.  It supports fleet, facility, and member service functions, such as outage response, line maintenance, member service support, and administrative responsibilities.

Energy Charge

The Energy Charge is calculated based on the metered kilowatt-hours (kWh) consumed during the billing period.  The energy used to calculate this charge is also known as a member's usage.

Demand Charge

The Demand Charge is determined by the highest amount of power, measured in kilowatts (kW), recorded by the meter during a designated period of time.  This measurement resets each billing period.  The charge is calculated by taking that measurement times the rate based on the time of year.

Understanding Demand

Power Cost Adjustment

The Power Cost Adjustment reflects the increases or decreases in the Cooperative's cost to purchase and distribute wholesale power.

Frequently Asked Questions

What is the purpose of a class cost of service study?
  • To identify the cost of providing service based on customer class (residential vs. commercial), type of service provided (single vs. three-phase), and energy load characteristics (the demand and capacity requirements a service puts on the system).
  • To provide guidance for distributing and allocating revenue requirements to ensure equity between rate classes.
  • To provide guidance when designing individual rate schedules to ensure equity within each rate class and to ensure recovery of adequate revenue to provide service required by members.
What rate making principles are used when designing rates?
  • Rates should generate the revenue required to operate the Cooperative, including appropriate operating margins.
  • Rates should reflect the cost of serving consumers when the rates are in effect.
  • If a consumer causes a cost to be incurred by the utility, the consumer should pay that cost.
  • Consumers should pay their "fair" share of the utility's costs and margins.
How often could I be moved between rates?

Typically, members are on a rate for 12 consecutive months before being moved to another rate.  There can be exceptions to this, like when a major load is added to your service, qualify it for a new rate.

What is demand?

To the electric utility, demand represents the amount of electrical power that must be available to consumers at any given time.  

To learn more about demand and how it affects the electrical grid, click below.

Understanding Demand

Why does the utility bill for demand (kW)?

Utilities are required by law to ensure they always have the ability to meet consumer demand.  Having capacity readily available to meet the peak demand on the grid at all times requires significant investments in generation facilities and grid infrastructure. This cost is spread across consumers (i.e. you) who may only occasionally need this capacity to meet their building operations (likely just a few hours per year).  To remain reliable in serving you with the energy your building needs, the utility must be prepared to meet the highest cumulative peak demand.

How is demand (kW) billed?

It is important to understand that the electric meter measures demand in rolling 15-minute intervals throughout the entire billing period, which is from the first day of the month to the last day of the month. For billing purposes, the highest (peak) 15-minute demand period for the month is registered.

2020 Rate Change and Rate Restructure

Effective with usage beginning September 1, 2020, which is billed in October.

Click below to learn more about the rate change and rate restructuring plan.

Learn More
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Contact Us

People's Energy Cooperative

1775 Lake Shady Avenue South
Oronoco, MN  55960

Phone | (800) 214-2694 or (507) 367-7000
Fax | (507) 367-7001

Office Hours
Monday-Friday | 7:30 a.m. - 4:00 p.m.

 

©2021 People's Energy Cooperative. All Rights Reserved.

  • Home
  • Community
    • Economic Development
    • Education Programs
    • Kids Corner
    • Operation Round Up®
    • Political Action
  • Cooperative Information
    • About People's Energy Cooperative
    • Board of Directors
    • Bylaws & Articles of Incorporation
    • Careers
    • News and Information
    • Our Mission, Vision & Values
    • Privacy Statement / Notice
    • Service Territory and Board Districts
    • Seven Cooperative Principles
    • Statement of Non-Discrimination
  • Electric Service
    • 811 Call Before You Dig
    • Construction Information
    • Landscape & Tree Planting Guidelines
    • Power Line Safety
    • Power Outage Information
    • Power Outages Map
    • Vegetation Management
  • Member Center
    • Account
      • Account Management
      • Become a Member
      • Capital Credits
      • Payment Options
      • Rebates
      • Rates
    • Programs & Services
      • Co-op Connections Discounts
      • Energy Audits
      • Energy Management Programs
      • Evergreen Renewable Energy Program
      • Heartland Security
      • Home Energy Savings
      • HomeServe Service Plan
      • Outdoor LED Lighting
      • People's Community Solar
      • Power Down - Voluntary Load Reduction
      • Standby Generator Program
      • Viasat Internet
      • Water Heating Programs
  • Renewable Energy & Electric Vehicles
    • Clean Energy Initiative Partnership
    • Electric Vehicles Resource Page
    • Renewable Energy